REILLY PAUL C 4

What Happened
Paul C. Reilly, a director of Willis Towers Watson plc (WTW), was granted 1,318.638 restricted share units (RSUs) on 2026-05-20. The units were issued at $0.00 (no cash exchanged) and thus show $0 purchase price; they represent the right to receive ordinary shares upon vesting. This is a compensation award (transaction code A), not an open-market buy or sale.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-22 (filed within the typical two-business-day window).
• Grant: 1,318.638 RSUs at $0.00; reported value on the Form 4 is $0.
• Vesting: RSUs vest in full on the earlier of the one-year anniversary of the grant date or the Issuer's 2027 Annual General Meeting (per footnote).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction type: Award/Grant (A); this is compensatory, not a purchase or sale.

Context
RSUs are a form of equity compensation that convert into ordinary shares when they vest; they do not generate immediate proceeds unless sold after vesting. Grants to non-employee or employee directors are common and typically reflect routine compensation rather than an explicit buy/sell signal.