Jones John Jude 4

What Happened
John Jude Jones, Chief Marketing Officer of Marsh & McLennan Companies (MRSH), received two derivative awards on February 24, 2026: 15,536 stock options and 4,826 restricted stock units (RSUs)/performance-related units. Both awards were reported at $0.00 (grants rather than purchases or sales). The options vest in four equal annual installments beginning February 24, 2027; the RSUs convert 1-for-1 into common shares and reflect the payout of performance stock units whose performance factor was determined on February 24, 2026.

Key Details

• Transaction date: 2026-02-24; Filing date: 2026-02-26 (filed two days after the transaction, which appears timely).
• Award amounts and prices: 15,536 options @ $0.00; 4,826 RSUs @ $0.00 (derivative awards, not open-market trades).
• Vesting/conversion: Options vest in four equal annual installments on Feb 24 of 2027–2030 (F1). RSUs convert 1-for-1 to common stock and relate to PSUs granted Feb 23, 2023 with the performance factor determined Feb 24, 2026 (F2, F3).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Filed 2 days after the transaction date; appears timely under Form 4 rules.

Context
These entries are compensation awards (not purchases or sales) — common for executives and typically part of long-term incentive pay. The options will only become usable as they vest over the next four years; the RSUs reflect performance-based pay that has now been converted to deliverable units. Awards do not, by themselves, indicate the insider is buying or selling stock in the market.