Banas Kristy D 4

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).