Banas Kristy D 4
4 · WILLIS TOWERS WATSON PLC · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
Willis Towers Watson (WTW) CHRO Kristy Banas Receives Award
What Happened
Kristy D. Banas, Chief Human Resources Officer of Willis Towers Watson plc (WTW), was granted a total of approximately 10.786 restricted-share-related awards on April 15, 2026. The filing shows three award entries: 5.099 shares (ordinary units) and two derivative awards of 3.872 and 1.815 units. All were granted at $0.00 (compensation awards), so there was no cash purchase or sale.
Key Details
- Transaction date: 2026-04-15; Form 4 filed: 2026-04-17 (filed two days after the grants).
- Grant details: 5.099 shares @ $0.00 (award), 3.872 derivative units @ $0.00, 1.815 derivative units @ $0.00 — total ≈ 10.786 units.
- Price/value: recorded acquisition price $0.00 — these are compensation awards, not open‑market purchases.
- Shares owned after transaction: not specified in the filing.
- Notable footnotes (summary):
- F1: Dividend-equivalent rights accrued on RSUs and vest on the same schedule; each equals one ordinary WTW share.
- F2/F4: RSUs settle 1:1 for ordinary shares, typically six months after termination or per plan-specific timing.
- F3/F5: Some units reflect dividend credits and company matching under the Company's Non‑Qualified Deferred Savings and Excess Plans.
- Filing timeliness: appears timely (filed April 17 for April 15 grants).
Context
These entries are awards (code A) and derivative RSU-related credits — common forms of executive compensation. They do not represent purchases or sales in the open market and therefore are not a direct market-confidence signal. Settlement timing and conversion to actual ordinary shares are governed by the referenced plans and footnotes (e.g., 1:1 settlement and potential six‑month post‑termination delays).
Insider Transaction Report
- Award
Ordinary Shares, nominal value $0.000304635 per share
[F1]2026-04-15+5.099→ 10,625.246 total - Award
Restricted Share Unit
[F2][F3]2026-04-15+3.872→ 1,290.504 total→ Ordinary Shares, nominal value $0.000304635 per share (3.872 underlying) - Award
Restricted Share Unit
[F4][F5]2026-04-15+1.815→ 554.351 total→ Ordinary Shares, nominal value $0.000304635 per share (1.815 underlying)
Footnotes (5)
- [F1]The dividend equivalent rights accrued on the reporting person's restricted share unit award and vest based on the same vesting schedule applicable to the underlying restricted share unit award. Each dividend equivalent right is the economic equivalent of one WTW Ordinary Share.
- [F2]Restricted share units settle for Ordinary Shares, nominal value $0.000304635 per share, on a 1:1 basis 6 months after the reporting person's termination date.
- [F3]Represents dividends acquired pursuant to the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees (the "Plan"), including the participant's deferral election under the Plan and the Company's matching contribution on the participant's deferral election credited to the participant's account in the form of restricted share units under the Plan.
- [F4]Vested shares under the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees settle for Ordinary Shares, nominal value $0.000304635 per share, on a 1:1 basis on the first business day of the month on which the NASDAQ Stock Market is open for business following the earlier of (i) the date that is 6 months after the reporting person's separation from service and (ii) the date that is 30 days after the reporting person's death.
- [F5]Represents dividends acquired pursuant to the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees (the "Excess Plan"), including the participant's deferral election under the Excess Plan and the Company's matching contribution on the participant's deferral election credited to the participant's account in the form of restricted share units under the Excess Plan.