Yates Lloyd M 4

What Happened

• Lloyd M. Yates, a director of Marsh & McLennan Companies (MRSH), was credited with two derivative share acquisitions on May 15, 2026: an award of 225.72 shares at $160.60 per share (value $36,251) and an additional 60.27 shares at $160.60 (value $9,679). Combined, he acquired 285.99 derivative shares valued at $45,930. These were not open-market purchases but awards/dividend-equivalent credits tied to the company's Directors Stock Compensation Plan.

Key Details

• Transaction dates and prices: May 15, 2026 at $160.60 per share for both entries.
• Share counts and values: 225.72 shares ($36,251, code A); 60.27 shares ($9,679, code J); total 285.99 shares ($45,930).
• Transaction codes: A = award/grant; J = other acquisition (here, dividend equivalents credited).
• Footnotes of note:
  • F1: Each derivative security converts to common stock on a 1-for-1 basis.
  • F2: Awarded in connection with director fees under the Directors Stock Compensation Plan.
  • F4: The J acquisition was dividend equivalents credited to the reporting person's account.
• Shares owned after the transaction: not specified in this filing.
• Filing timeliness: Report filed May 18, 2026 (timely relative to the May 15 transaction).

Context

• These transactions reflect director compensation (awards and credited dividend equivalents) rather than an open-market buy or sale. Derivative units will convert 1-for-1 into common stock per the footnote; such awards are routine compensation for board service and do not by themselves indicate the director’s personal trading sentiment.