SCHAPIRO MORTON O 4

What Happened Morton O. Schapiro, a director of Marsh & McLennan Companies (MRSH), was granted an annual director stock award of 1,349.82 shares on 2026-06-01. The award is reported as a derivative grant with a per-share value of $159.28, for a total reported value of $214,999. This was an award/compensation grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-01; Form 4 filed 2026-06-03.
• Award: 1,349.82 shares at $159.28 per share; total value reported $214,999.
• Transaction type: A = Grant/Award (derivative security that converts to common stock).
• Footnotes: F1 — converts to Marsh & McLennan common stock on a 1-for-1 basis; F2 — annual stock award under the Directors Stock Compensation Plan; F3 — not applicable.
• Shares owned after transaction: Not disclosed in the filing.
• Timeliness: Filing date is 2026-06-03 for a 2026-06-01 grant; no late-filing flag is indicated in the report.

Context This is a routine director compensation award (derivative grant that will convert 1-for-1 to common shares), which reflects pay rather than a personal purchase or sale decision. Such awards are common for non-employee directors and do not by themselves indicate insider sentiment about the company’s stock price.