Beswick Paul 4

What Happened

Paul Beswick, Senior Vice President and Chief Information Officer of Marsh & McLennan Companies (MRSH), was granted two equity awards on February 24, 2026: 22,372 stock options and 6,970 restricted stock units (RSUs). Both entries are reported as derivative awards at $0.00 per share (standard for grants). The awards total 29,342 instruments; no cash was exchanged. The options vest in four equal annual installments (Feb 24 of 2027–2030), and the RSUs reflect performance stock units whose performance factor was determined on Feb 24, 2026.

Key Details

• Transaction date: 2026-02-24; Form 4 filed 2026-02-26 (filed within the typical two-business-day window).
• Awards: 22,372 options (grant) and 6,970 RSUs (conversion of PSUs); both reported at $0.00 per share.
• Total instruments granted: 29,342.
• Vesting/convertibility notes:
  • Options vest in four equal annual installments on Feb 24 of 2027–2030 (Footnote F1).
  • The securities convert to common stock on a 1-for-1 basis (Footnote F2).
  • The 6,970 RSUs relate to PSUs granted Feb 23, 2023 for the 2023–2025 performance period; the performance factor was determined Feb 24, 2026 (Footnote F3).
• Shares owned after the grants: not disclosed in this filing.
• Filing timeliness: appears timely (no late filing flag).

Context

These entries are awards (compensation), not open-market purchases or sales. Grants are a common part of executive pay and are generally intended for retention and performance alignment; they do not by themselves indicate the insider is buying or selling stock. The options have multi-year vesting, suggesting a retention focus; the RSUs reflect vested performance results for the 2023–2025 cycle and convert 1:1 to common shares when settled.