Willis Towers Watson CHRO Kristy Banas Receives RSU Award

What Happened
Kristy D. Banas, Chief Human Resources Officer of Willis Towers Watson plc (WTW), was granted 43.31 restricted share units (derivative award) on July 10, 2026. The award is recorded at $289.65 per unit for a total grant value of approximately $12,545. This is an award/compensation event (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-10; Form 4 filed: 2026-07-14 (timely filing).
• Security: Restricted share units (derivative), 43.31 units @ $289.65 each; total value ≈ $12,545.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote F1: RSUs settle into ordinary shares on a 1:1 basis (nominal share value $0.000304635) and, per the footnote, settle six months after the reporting person’s termination date (plan-specific settlement timing).
• Footnote F2: These RSUs include amounts from the Willis Towers Watson Non‑Qualified Deferred Savings Plan for U.S. employees—reflecting the participant’s deferral election and the company’s matching contribution credited as RSUs.
• Transaction type: Award/grant of RSUs (compensation/deferral), not an indication of a buy or sell intent.

Context
Restricted share units are a form of deferred compensation that convert into ordinary shares under plan rules; they are commonly granted for compensation or as matching deferrals. Because this is an award (derivative RSUs) rather than a market purchase or sale, it should be viewed as routine compensation/deferral activity rather than a direct bullish or bearish insider trade.