Jones John Jude 4
4 · MARSH & MCLENNAN COMPANIES, INC. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Marsh & McLennan (MRSH) CMO John Jude Jones Receives 4,826 Shares
What Happened John Jude Jones, Chief Marketing Officer of Marsh & McLennan Companies (MRSH), received 4,826 shares on February 28, 2026 when performance stock units vested and converted to common stock (1-for-1). Of those 4,826 shares, 2,464 shares were withheld by the company to cover tax withholding obligations (disposition valued at $186.74/share, totaling $460,127). The net shares delivered to Jones after withholding were 2,362.
Key Details
- Transaction date: February 28, 2026; Form 4 filed March 3, 2026 (appears timely).
- Primary actions reported:
- Exercise/conversion of derivative (vesting of RSUs/PSUs): 4,826 shares acquired at $0.00.
- Tax withholding (F): 2,464 shares withheld/disposed at $186.74 per share = $460,127.
- Shares owned after the transaction: not specified in the filing.
- Footnotes of note:
- These 4,826 shares relate to performance stock units granted Feb 23, 2023 for the 2023–2025 performance period.
- Footnotes also indicate plan custodians (401(k) SIP and Supplemental SIP) acquired additional stock units at prevailing market prices per plan statements as of Feb 28, 2026.
- Security converts to common stock on a 1-for-1 basis.
- Transaction codes: M = option/derivative conversion (vesting), F = tax withholding.
Context This was a routine vesting/distribution of performance-based restricted stock units with company withholding to satisfy taxes (a common cashless/net-share settlement), not an open-market sale or purchase that signals a trading decision. The filing provides the withholding amount and resulting net shares but does not state total post-transaction holdings.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-28+4,826→ 12,804 total - Tax Payment
Common Stock
[F1]2026-02-28$186.74/sh−2,464$460,127→ 10,340 total - Exercise/Conversion
Restricted Stock Units
[F3][F1][F4]2026-02-28−4,826→ 0 total→ Common Stock (4,826 underlying)
- 1,819.885(indirect: By 401(k))
Common Stock
[F2] - 140.602
Restricted Stk. Units (SSIP)
[F3][F4][F5]→ Common Stock (140.602 underlying)
Footnotes (5)
- [F1]Vesting and distribution to reporting person of 4,826 shares underlying restricted stock units of which 2,464 were withheld by Marsh & McLennan Companies to cover applicable taxes. These 4,826 shares underlying restricted stock units relate to performance stock units that were granted on February 23, 2023 for the performance period 2023-2025.
- [F2]Reflects shares acquired by the Marsh & McLennan Companies 401(k) Savings & Investment Plan (SIP) Custodian at prevailing market prices. Information reported herein is based on reporting person's Plan Statement as of February 28, 2026.
- [F3]The security converts to Marsh & McLennan Companies common stock on a 1-for-1 basis.
- [F4]Not applicable.
- [F5]Reflects additional stock units acquired by the Supplemental Savings & Investment Plan (SSIP) Custodian at prevailing market prices. Information reported herein is based on Reporting Person's Plan Statement as February 28, 2026.