Harrison Peter 4
Research Summary
AI-generated summary
Marsh & McLennan Director Peter Harrison Receives Stock Award
What Happened
- Peter Harrison, a director of Marsh & McLennan Companies (MRSH), received an annual director stock award of 1,349.82 shares on 2026-06-01 valued at $159.28 per share (total ≈ $214,999). Concurrently, 103.39 shares were withheld to cover taxes at the same per-share price (value ≈ $16,468). The filing also notes cash was received in lieu of any fractional share.
Key Details
- Transaction date: 2026-06-01; filing date: 2026-06-03 (timely Form 4 filing).
- Award details: 1,349.82 shares granted under the Marsh & McLennan Companies Directors Stock Compensation Plan (F1).
- Tax withholding: 103.39 shares withheld to cover applicable taxes on the award (F2).
- Fractional share: cash paid in lieu of fractional share (F3).
- Shares owned after transaction: not disclosed in this filing.
- Transaction codes: A = Award/Grant, F = Tax withholding (not a market sale or open-market purchase).
Context
- This was a routine director compensation grant, not an open-market purchase or sale; such awards are common and reflect pay practices rather than an expressed view on the stock. The withholding of shares to satisfy taxes is a standard cashless-withholding mechanism.