Jones John Jude 4

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.