Tomlinson Patrick 4

What Happened

• Patrick Tomlinson, President and CEO of Mercer, had 2,219 restricted stock units (RSUs/PSUs) convert to Marsh & McLennan common stock on Feb 28, 2026. The filing shows a conversion/acquisition of 2,219 shares at $0 (derivative conversion) and a tax-withholding disposition of 1,139 shares at $186.74 per share for a total value of $212,697.
• Footnotes state the 2,219 shares relate to 610 RSUs and 1,609 performance stock units granted Feb 23, 2023 (performance period 2023–2025). The company withheld shares to cover tax withholding (footnote indicates 1,134 shares withheld; the transaction line shows 1,139).

Key Details

• Transaction date: 2026-02-28; Form 4 filed 2026-03-03.
• Conversion: 2,219 RSUs/PSUs converted to common stock on a 1-for-1 basis (footnote).
• Tax withholding: ~1,134–1,139 shares withheld to cover taxes; withholding recorded as disposition at $186.74/share totaling ~$212,697.
• Shares owned after the transaction: not specified in the provided filing extract.
• Nature: This was a routine vesting/settlement of equity awards with company share-withholding for taxes (transaction codes M = exercise/conversion of derivative; F = payment of tax liability).

Context

• This is a vesting/settlement event (award conversion), not an open-market purchase or sale; withholding to satisfy tax obligations is a common, administrative step and does not necessarily indicate a change in insider sentiment.
• The filing documents conversion of RSUs/PSUs (derivative instruments) into common stock rather than an exercised option for cash proceeds.