Qureshi Imran Ahmed 4
Research Summary
AI-generated summary
Willis Towers Watson (WTW) Imran Qureshi Receives RSU Award; Withholds Shares
What Happened
- Imran Qureshi, Global Head of Geographies at Willis Towers Watson (WTW), was granted 1,053.749 time‑based restricted share units (RSUs) on 2026-04-20 (no cash paid).
- On 2026-04-21, 117.607 shares were withheld/disposed to cover taxes at a reported per‑share value of $297.64, for a total tax withholding amount of $35,005. The withholding included 11 shares attributable to previously accrued dividend equivalents.
Key Details
- Transaction dates: Grant of 1,053.749 RSUs on 2026-04-20 (code A); tax withholding of 117.607 shares on 2026-04-21 (code F) at $297.64/share (total ≈ $35,005).
- RSU terms: The granted RSUs vest ratably over three years (vest on the first, second and third anniversaries of the grant).
- Footnotes: 11 shares relate to dividend equivalents processed on 2026-04-21. The withholding was tied to vesting/settlement of RSUs granted 2025-04-20. Remaining vested/settled shares were transferred to the reporting person’s revocable trust.
- Shares owned after the transactions: the filing does not disclose a total post‑transaction holding figure (it notes transfer to the revocable trust).
- Filing timeliness: Form 4 was filed on 2026-04-22 (timely under standard 2‑business‑day reporting rules).
Context
- This was primarily an award of RSUs, not an open‑market purchase or voluntary sale. The 117.607‑share disposition was a tax withholding (common when RSUs vest) and should not be interpreted as a discretionary sale of stock for investment purposes.
- RSUs are a deferred compensation award that convert to ordinary shares upon vesting; here the new grant vests over three years, while the withholding relates to prior RSUs that vested and settled.