Tomlinson Patrick 4
Research Summary
AI-generated summary
Marsh & McLennan (MRSH) Mercer CEO Patrick Tomlinson Receives RSUs
What Happened
- Patrick Tomlinson, President and CEO of Mercer (a Marsh & McLennan company), was granted 14,907 restricted stock units (RSUs) on May 1, 2026. The grant is reported as an award (transaction code A) with an acquisition price of $0.00 (i.e., a compensation grant/derivative award). The RSUs convert to Marsh & McLennan common stock on a 1-for-1 basis and therefore represent a future entitlement to the same number of shares when they vest.
Key Details
- Transaction date: 2026-05-01; grant of 14,907 RSUs at $0.00.
- Conversion: RSUs convert to common stock on a 1-for-1 basis (Footnote F1).
- Vesting: RSUs vest in three equal annual installments on May 15, 2027, 2028 and 2029 (Footnote F2).
- Shares owned after the transaction: not specified in the provided filing details.
- Filing timeliness: report filed with an accession date of 2026-05-01, same as the report period date (appears timely).
- Other footnotes: F3 noted as not applicable.
Context
- RSU grants are a form of compensation, not an open-market purchase or sale; value is realized when and if the units vest and convert to shares. Such awards are common for executives and do not by themselves signal an immediate cash investment or divestment.