Gebauer Julie Jarecke 4

What Happened

• Julie J. Gebauer, President — Health, Wealth & Career at Willis Towers Watson (WTW), was granted 8,474 performance-based restricted share units (RSUs) on February 25, 2026. The award is reported as an acquisition at $0.00 because it is a compensation grant rather than a cash purchase.
• Per the footnote, these RSUs were earned after certification of performance goals for the period ending December 31, 2025. Each earned unit represents the right to receive one ordinary share upon satisfaction of a service-based vesting requirement on April 1, 2026. Dividend equivalents are accrued as additional RSUs that vest and pay out with the underlying units.

Key Details

• Transaction date: February 25, 2026; Form 4 filed February 27, 2026 (timely).
• Transaction type/code: Award/Grant (A). Reported acquisition price: $0.00.
• Shares/units granted: 8,474 performance-based RSUs.
• Shares owned after transaction: Not reported in this Form 4.
• Footnote: F1 — units reflect performance certification for 2025 and include dividend-equivalent RSUs; payable/issuable upon satisfying service vesting on April 1, 2026.
• No 10b5-1 plan, tax-withholding sale, or sale of underlying shares reported in this filing.

Context

• This is a compensation award (earned performance RSUs), not an open-market purchase or sale. Such grants reflect prior performance measurement and standard executive compensation mechanics; the RSUs convert to ordinary shares only after the service-based vesting date (April 1, 2026) and subject to the award terms.
• Awards like this are common and do not by themselves indicate a buy/sell signal; they increase potential future share holdings if vesting conditions are met.