Gebauer Julie Jarecke 4

What Happened Julie Jarecke, President — Health, Wealth & Career at Willis Towers Watson (WTW), was granted 1,819.535 time-based restricted share units (RSUs) on 2026-04-20 (transaction code A). On 2026-04-21, 223.109 shares were withheld/disposed to cover tax withholding related to RSU vesting at an indicated per-share amount of $297.64, totaling approximately $66,406 (transaction code F). The RSU grant shows a $0.00 acquisition price because it is an equity award, not a purchase.

Key Details

• Transaction dates: Grant on 2026-04-20 (1,819.535 RSUs, $0.00); tax withholding on 2026-04-21 (223.109 shares @ $297.64, ~$66,406).
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • RSUs vest ratably over three years (vest on the 1st, 2nd and 3rd anniversaries of the grant) (F1).
  • 16 additional shares reflect dividend-equivalent rights credited and processed on April 21, 2026 (F2).
  • The withholding was incident to tax payment related to vesting/settlement of RSUs granted on April 20, 2025 (F3).
• Transaction types: A = Award/Grant; F = Withholding for tax payment (share surrender), not an open-market sale.

Context RSUs are a form of compensation that convert into ordinary shares upon vesting; the April 20, 2026 entry is a new time-based award that vests over three years. The 223.109-share disposition was a routine withholding to satisfy tax obligations on vested equity (a common "cashless" mechanism) and should not be read as an active sale signaling sentiment. The grant itself does not involve cash outlay by the insider and is standard executive compensation.