Banas Kristy D 4

What Happened
Kristy D. Banas, Chief Human Resources Officer of Willis Towers Watson plc (WTW), was credited with 4,644 performance-based restricted share units (RSUs) on 2026-02-25. The filing shows an acquisition at $0.00 per unit (award grant/credit); these are not an open-market purchase but a compensation award that converts to shares if vesting conditions are met.

Key Details

• Transaction date: 2026-02-25; Form 4 filed 2026-02-27 (timely; Form 4 is typically due within two business days).
• Transaction type/code: A — award/grant (performance-based RSUs).
• Units/amount: 4,644 RSUs recorded at $0.00. Reported cash value is $0 because this is an award, not a purchase.
• Vesting/settlement: Each earned RSU represents the right to one ordinary share upon satisfaction of the service-based vesting requirement on April 1, 2026.
• Footnote: These RSUs were earned after certification of performance goals for the period ending 12/31/2025 and include dividend-equivalent units that vest/pay alongside the underlying RSUs.
• Shares owned after transaction: Not reported in the supplied filing details.

Context
This is a compensation award reflecting performance achievement, not a buy or sell of publicly traded shares. Such awards indicate company compensation outcomes (performance metrics met) and typically vest only if the executive remains employed through the service-vesting date (here, 2026-04-01). They do not by themselves indicate insider bullish or bearish trading intent.