Hammond Michael P. 4
Research Summary
AI-generated summary
Willis Towers Watson (WTW) Director Michael P. Hammond Withholds Shares for Taxes
What Happened
- Michael P. Hammond, a director of Willis Towers Watson plc (WTW), had 340.635 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 withholding value of $84,355. This was a tax-withholding disposition (code F), not an open-market sale or purchase.
Key Details
- Transaction date and price: May 15, 2026 — 340.635 shares withheld at $247.64 per share (total ~$84,355).
- Related award: Withholding was incident to vesting/settlement of 709.655 restricted share units granted on May 15, 2025 (footnote).
- Shares owned after transaction: Not specified in the filing.
- Filing timeliness: Form 4 filed on May 18, 2026 for the May 15 transaction — filed within the typical 2-business-day window.
- Transaction code: F (withholding of shares to satisfy tax liability).
Context
- This was a routine issuer withholding to cover taxes on vested RSUs (a common, administrative action). It is not an insider-initiated market sale or purchase and therefore does not necessarily signal a change in the insider’s investment view.
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