Carl Aaron Hess, Chief Executive Officer and Director of Willis Towers Watson PLC (NASDAQ:WTW), filed a Form 4 on August 17, 2026, reporting a derivative securities transaction dated August 13, 2026.

Key Highlights

  • Reporting person: Carl Aaron Hess, serving as Chief Executive Officer and Director of Willis Towers Watson PLC.
  • Transaction date: August 13, 2026, with the form filed on August 17, 2026.
  • Securities involved: 53.426 Restricted Share Units acquired (transaction code A), with an underlying security of Ordinary Shares at nominal value $0.000304635 per share.
  • Price of derivative security: $0, as reported in the filing.
  • Beneficial ownership following transaction: 8,512.1156 derivative securities (Restricted Share Units) held directly.
  • Plan source: Units credited under the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees, net of units acquired pursuant to the participant's contribution under the Plan.

RSU Accrual Under Willis Towers Watson Excess Plan Reported for CEO Hess

According to the filing, the transaction involves Restricted Share Units credited to Hess's account under the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees. The 53.426 units acquired represent amounts credited by the company pursuant to the Plan's accrual formula, net of units acquired through the participant's own contribution under the Plan. The price of the derivative security is reported as $0.

The filing discloses that vested shares under the Plan settle for Ordinary Shares, nominal value $0.000304635 per share, on a 1:1 basis. Settlement occurs on the first business day of the month on which the NASDAQ Stock Market is open for business following the earlier of: (i) the date that is 6 months after the reporting person's separation from service, or (ii) the date that is 30 days after the reporting person's death, according to the filing's explanation of responses.

Following the reported transaction, Hess's beneficial ownership of the Restricted Share Units stands at 8,512.1156, held directly. The form was signed by Gary Pang as Attorney-in-Fact, pursuant to a power of attorney previously filed, on behalf of Carl A. Hess.

What Was Disclosed

The filing reports an acquisition of 53.426 Restricted Share Units by CEO Carl Aaron Hess under the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees, resulting in total direct beneficial ownership of 8,512.1156 such units as of August 13, 2026.