Aon plc 8-K

What Happened
Aon plc (AON) filed an 8-K reporting that Eric Andersen, who had transitioned to Senior Advisor from President on March 14, 2025, will depart the company effective January 31, 2026. Aon Corporation (an indirect, wholly owned subsidiary) and Mr. Andersen entered into a Separation Agreement dated January 6, 2026, that governs his exit and post-employment payments and equity treatment.

Key Details

• Separation Date: January 31, 2026; Separation Agreement dated January 6, 2026.
• Cash payment: Mr. Andersen will receive a lump sum equal to his 2025 target annual incentive under the annual incentive plan.
• Equity treatment:
  • LPP 19 PSUs, 3x3PP PSUs, and Special PSUs will be forfeited without consideration.
  • LPP 18 PSUs and 2023 ISP RSUs will vest in Q1 2026 in accordance with their terms, disregarding continued employment conditions.
  • 2025 ISP RSUs will vest no later than February 13, 2026.
• Payments and equity treatment are conditioned on Mr. Andersen timely signing (and not revoking) a general release of claims and complying with the Separation Agreement.
• The Separation Agreement is filed as Exhibit 10.1 to the 8-K.

Why It Matters
This filing documents an executive departure and the specific cash and equity outcomes tied to that exit. For investors, key takeaways are the one-time cash payout (equal to Andersen’s 2025 target incentive) and the accelerated vesting/forfeiture of certain equity awards, which could affect near-term compensation expense and the timing of share issuance or dilution. The company did not disclose dollar amounts for the equity or the exact cash figure in the 8-K.