Patrick Tomlinson, President/CEO of Marsh People & Investments at Marsh & McLennan Companies, Inc., filed a Form 4 on November 4, 2026, disclosing transactions in common stock dated November 2, 2026.

Key Highlights

  • Option exercise: Tomlinson exercised 2,500 stock options on November 2, 2026, at an exercise price of $83.05 per share via a stock swap.
  • Shares used in swap: 1,775 previously-owned shares were disposed of (transaction code F) at $203.47 per share to satisfy the exercise price and applicable taxes.
  • Net ownership increase: According to the filing, Tomlinson increased his net ownership of common stock by 725 shares as a result of the transaction.
  • Resulting beneficial ownership: Following the transactions, Tomlinson directly beneficially owned 4,981 shares of common stock.
  • Option history: The exercised options were granted on February 21, 2018, and vested in four equal annual installments on February 21st of 2019, 2020, 2021, and 2022, with an expiration date of February 20, 2028.
  • Remaining derivative holdings: Following the exercise, Tomlinson held 0 stock options of this series.

Tomlinson's November 2026 Stock Option Exercise at Marsh & McLennan

According to the Form 4 filed with the SEC on November 4, 2026, Patrick Tomlinson, identified in the filing as President/CEO, Marsh People & Investments, executed a stock option exercise on November 2, 2026, involving 2,500 stock options in Marsh & McLennan Companies, Inc. (NYSE:MRSH). The transaction was carried out by means of a stock swap, a method the filing describes as one "in which the option holder pays the exercise price using shares of stock already owned."

In Table I of the filing, two transactions are recorded on the same date. First, 2,500 shares were acquired (transaction code M) at a price of $83.05, raising Tomlinson's directly held share count to 6,756. Second, 1,775 shares were disposed of (transaction code F) at $203.47 per share, reducing his directly held total to 4,981 shares. The filing states that those 1,775 previously-owned shares "were used to satisfy the exercise price and applicable taxes," resulting in a net increase of 725 shares.

In Table II, the filing records the corresponding disposition of 2,500 stock options (transaction code M) with a conversion or exercise price of $83.05. The options were granted on February 21, 2018, and had vested in four equal annual installments on February 21st of 2019, 2020, 2021, and 2022. Following this exercise, Tomlinson held 0 options remaining in this series. The Form 4 was signed by Tessa Patti as attorney-in-fact on November 4, 2026.

What Was Disclosed

Patrick Tomlinson disclosed a November 2, 2026, exercise of 2,500 stock options at $83.05 via a stock swap, with 1,775 shares used to cover the exercise price and taxes, resulting in direct beneficial ownership of 4,981 shares of Marsh & McLennan common stock.