Beswick Paul 4

What Happened
Paul Beswick, Senior Vice President and Chief Information Officer of Marsh & McLennan Companies (MRSH), received an award of 14,907 restricted stock units on 2026-05-01. The grant was reported as a derivative award (code A) at $0.00 on the Form 4 (typical for RSU grants). These RSUs convert to common stock on a 1-for-1 basis and will vest over time per the schedule below. This is a compensation award (not a market purchase or sale).

Key Details

• Transaction date: 2026-05-01; filing date: 2026-05-01 (filed same day).
• Transaction type/code: Award/Grant (A); derivative security.
• Shares/units granted: 14,907 RSUs; price reported: $0.00 (no cash paid).
• Vesting: Three equal annual installments on May 15, 2027, 2028 and 2029 (Footnote F2).
• Conversion: RSUs convert to Marsh & McLennan common stock on a 1-for-1 basis (Footnote F1).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote F3: Not applicable.
• Timeliness: Filing date matches the transaction date (no late filing indicated).

Context
RSU grants are a form of deferred compensation and do not represent an immediate cash purchase or sale of shares. The award will only result in actual common shares if and when the RSUs vest (and any required tax-withholding is satisfied). For investors, grants indicate management compensation alignment with shareholders but are common and not by themselves a clear buy/sell signal. To estimate grant value, multiply the current MRSH share price by 14,907 (the Form 4 does not state a dollar value).