Willis Towers Watson CHRO Receives Routine Dividend Equivalent Rights

Executive Summary

On October 19, 2026, Willis Towers Watson PLC ($WTW) filed a Form 4 disclosing transactions by Chief Human Resources Officer Kristy D. Banas. On October 15, 2026, the insider acquired 4.77 ordinary shares at $0.00 per share via accrued dividend equivalent rights, alongside minor dividend-related derivative restricted share units (RSUs) under non-qualified deferred compensation plans.

Transaction Breakdown

• Non-Derivative Table:
  • Security: Ordinary Shares, nominal value $0.000304635 per share
  • Shares Acquired: 4.77 shares at $0.00 (Code A)
  • Nature: Accrual of dividend equivalent rights tied to previously granted restricted share units.
  • Post-Transaction Holdings: 11,368.4938 shares held directly.
• Derivative Table:
  • Plan 1 (Non-Qualified Deferred Savings Plan): 4.1392 RSUs acquired via dividend crediting; 1,384.5438 units held post-transaction.
  • Plan 2 (Non-Qualified Stable Value Excess Plan): 1.7204 RSUs acquired via dividend crediting; 560.0921 units held post-transaction.

Market Impact & Significance

The transactions represent routine quarterly dividend equivalent accruals and deferred savings plan reinvestments. Because these are automatic, administrative awards rather than discretionary open-market purchases or sales, the trading significance is rated Low.