Mills Stacy 4

What Happened Stacy Mills, Vice President and Controller at Marsh & McLennan Companies (MRSH), had 2,723 restricted stock units (RSUs/PSUs) convert into 2,723 shares on 2026-02-28. Of those shares, 1,277 were withheld by the company to cover applicable taxes at an indicated share value of $186.74, resulting in approximately $238,467 withheld. The remaining shares were delivered to Mills as the net payout from vesting.

Key Details

• Transaction date: 2026-02-28; Form 4 filed 2026-03-03.
• Actions reported:
  • Code M (exercise/conversion of derivative): 2,723 shares acquired (converted 1-for-1).
  • Code F (payment of exercise price or tax liability): 1,277 shares withheld/treated as disposed to cover taxes at $186.74/share (~$238,467).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes:
  • The 2,723 shares vesting comprise multiple grants: 508 RSUs (granted 2/23/2023), 457 RSUs (2/22/2024), 416 RSUs (2/18/2025), and 1,342 performance stock units (PSUs granted 2/23/2023 for performance period 2023–2025).
  • The derivative converted to common stock on a 1-for-1 basis.
• No late-filing indicator provided in the supplied data.

Context This was a routine vesting/distribution of RSUs/PSUs with shares withheld to satisfy tax withholding obligations (typical corporate practice). The tax-withholding sale is not an open-market sale by the insider and should not be interpreted as a discretionary sale signal. The Form 4 shows conversion of equity awards rather than a purchase or voluntary sale.