Marsh & McLennan (MRSH) Director Lloyd M. Yates Receives Stock Awards

What Happened
Lloyd M. Yates, a director of Marsh & McLennan Companies (MRSH), received derivative stock awards tied to company common stock. On 2026-08-14 he was credited 64.85 derivative shares at $189.15 (value $12,266) and on 2026-08-15 he was granted 223.73 derivative shares at $188.44 (value $42,161), for a total of 288.58 derivative shares with an aggregate reported value of roughly $54,427. These were acquisitions (not sales) and reflect director compensation rather than an open-market purchase.

Key Details

• Transaction dates and amounts:
  • 2026-08-14: "Other acquisition or disposition (J)" — 64.85 shares @ $189.15 = $12,266 (derivative)
  • 2026-08-15: "Grant, award or other acquisition (A)" — 223.73 shares @ $188.44 = $42,161 (derivative)
• Total: 288.58 derivative shares; combined reported value ≈ $54,427.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • F1: Each derivative security converts to common stock on a 1-for-1 basis.
  • F2: Some shares were acquired with dividend equivalents credited under the Directors Stock Compensation Plan.
  • F4: Grants were made in connection with director fees under the Directors Stock Compensation Plan.
• Filing timeliness: Report filed 2026-08-18 for transactions on 2026-08-14 and 2026-08-15 — this appears to be later than the typical 2-business-day Form 4 deadline.

Context
These entries are derivative awards tied to director compensation and convert 1-for-1 into common shares, so they represent compensation receipt rather than an independent market purchase signal. Such director stock awards are routine forms of non-cash compensation and do not by themselves indicate the director bought or sold shares on the open market.