GABARRO JOHN J 4
4 · Towers Watson & Co. · Filed Jul 3, 2012
Insider Transaction Report
Form 4
GABARRO JOHN J
Director
Transactions
- Award
Class A Common Stock
2012-07-01+500.83→ 24,570.17 total
Holdings
- 51(indirect: By Trust)
Class A Common Stock
Footnotes (1)
- [F1]Represents the vested portion of Restricted Stock Units (RSUs) granted as the director's annual retainer equivalent to $120,000 for the period beginning July 1, 2012 and ending June 30, 2013. Annual RSUs granted on and after July 1, 2012 vest in equal quarterly installments over a 12-month period beginning on the date of grant. Annual RSUs are payable solely in shares of Class A Common Stock. Director elected to defer the receipt of shares pursuant to the Towers Watson & Co. Amended Compensation Plan for Non-Employee Directors filed with the SEC as Exhibit 10.15 to the Form 10-Q filed by the Company on November 9, 2011. The deferred shares represent a value of $120,000 based on the closing price of Company shares of $59.90 on July 1, 2012, the date of the grant.