REILLY PAUL C 4

What Happened

• Paul C. Reilly, a director of Willis Towers Watson plc (WTW), had 495.468 shares withheld by the issuer on May 15, 2026 to satisfy tax withholding related to the vesting/settlement of restricted share units. The shares were valued at $247.64 each, for a total withholding value of $122,698. This was a tax-withholding/net settlement transaction (code F), not an open-market sale or purchase.

Key Details

• Transaction date: 2026-05-15; Form 4 filed: 2026-05-18.
• Withheld shares: 495.468 at $247.64 per share; total value $122,698.
• Related award: withholding relates to the vesting/settlement of 1,032.225 RSUs granted May 15, 2025 (about 48.0% of the vested RSUs were withheld).
• Shares owned after transaction: not specified in the provided filing.
• Footnote: F1 indicates issuer withheld shares to cover tax payment on RSU vesting (net settlement). This is routine tax withholding (transaction code F).

Context

• This was a tax-withholding/net settlement of vested RSUs — a common administrative action that does not represent an open-market sale or purchase. Such withholdings are standard and generally not treated as a directional insider trade signal by investors; purchases are typically more informative about insider sentiment.