Corona Anne 4
Research Summary
AI-generated summary
Aon (AON) CCO Anne Corona Receives Award & Sells Shares
What Happened
- Anne Corona, Chief Commercial Officer of Aon plc, had performance and restricted share awards convert to Class A ordinary shares on Feb 12, 2026. The filing shows 3,171 shares issued upon settlement of performance share units, 835 shares issued from a restricted share unit conversion, and 1,404.709 shares withheld/disposed to satisfy tax liabilities. The withheld 1,404.709 shares were recorded at $314.49 per share for total proceeds of $441,767 (payment of tax liability).
Key Details
- Transaction date: February 12, 2026; Form 4 filed: February 17, 2026 (filed 5 days after the transaction — later than the typical 2-business-day SEC requirement).
- Reported transactions:
- A: 3,171 shares issued on PSU settlement (no per-share sale price reported).
- F: 1,404.709 shares disposed/withheld at $314.49 per share — proceeds $441,767 (tax withholding).
- A (derivative/RSU): 835 shares issued (reported $0.00), with nominal share charge per footnote.
- Shares owned after the transaction: not specified in the filing.
- Relevant footnotes:
- PSU settlement (F1): Shares issued based on Aon’s performance for Jan 1, 2023–Dec 31, 2025 as determined by the Organization & Compensation Committee.
- Tax withholding (F2): Shares withheld by the issuer to satisfy tax obligations.
- RSU conversion (F3): RSUs convert 1-for-1 to Class A shares; reporting person paid nominal $0.01 per share under Irish law.
- Vesting schedule (F4): RSU award vests 33 1/3% on each of the first through third anniversaries of grant.
Context
- This was not an open-market sale for investment purposes but routine settlement and tax withholding tied to vested equity awards (a common cashless/withholding transaction). The PSU issuance reflects performance-based compensation determined by the board committee; the tax-related disposition should not be read as a directional trading signal on the company.