Klisura Dean Michael 4

What Happened
Dean Klisura, President & CEO of Guy Carpenter (a Marsh & McLennan Companies executive), was granted a total of 34,241 derivative equity awards on February 24, 2026: 24,858 stock options and 9,383 restricted stock units (RSUs)/performance-related units. Both awards were reported as acquired at $0.00 (grant awards, not open-market purchases or cash sales), so no cash changed hands at grant.

Key Details

• Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (timely filing).
• Grants: 24,858 options (derivative) and 9,383 RSU/PSU-based units (derivative). Total units = 34,241. Reported grant price: $0.00 (award grant).
• Vesting/conversion notes:
  • Options vest in four equal annual installments on Feb 24 of 2027, 2028, 2029 and 2030 (Footnote F1).
  • The RSU/PSU units convert to Marsh & McLennan common stock on a 1-for-1 basis (F2) and relate to performance stock units granted Feb 23, 2023 for the 2023–2025 performance period; the performance factor was determined on Feb 24, 2026 (F3).
• Shares owned after the transaction: not specified in the provided filing details.
• Filing timeliness: Reported within two days of the transaction date; no late-filing flag noted.

Context
These were grant awards (derivative equity grants) intended as compensation and long-term incentive, not open-market purchases or sales. The options will vest over multiple years; the RSU/PSU units reflect a completed performance determination for the 2023–2025 cycle and will convert to common shares on a 1-for-1 basis when settled. Grants align executive pay with future company performance but do not indicate immediate buying or selling in the market.