John Q. Doyle - 28 Feb 2025 Form 4 Insider Report for MARSH & MCLENNAN COMPANIES, INC. (MMC)

Signature
/s/ Tessa Patti, Attorney-in-fact
Issuer symbol
MMC
Transactions as of
28 Feb 2025
Transactions value $
-$6,820,463
Form type
4
Filing time
04 Mar 2025, 16:08:41 UTC
Previous filing
20 Feb 2025
Next filing
03 Jun 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMC Common Stock Options Exercise $0 +26,426 +35% $0 101,172 28 Feb 2025 Direct F1
transaction MMC Common Stock Tax liability -$3,153,386 -13,491 -13% $233.74 87,681 28 Feb 2025 Direct F1
transaction MMC Common Stock Options Exercise $1,329,937 +21,080 +24% $63.09 108,761 03 Mar 2025 Direct F2
transaction MMC Common Stock Sale -$4,997,014 -21,080 -19% $237.05 87,681 03 Mar 2025 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MMC Restricted Stock Units Options Exercise $0 -26,426 -100% $0 0 28 Feb 2025 Common Stock 26,426 Direct F1, F3, F4
transaction MMC Stock Options (Right to Buy) Options Exercise $0 -21,080 -25% $0 63,238 03 Mar 2025 Common Stock 21,080 $63.09 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Vesting and distribution to reporting person of 26,426 shares underlying restricted stock units of which 13,491 were withheld by Marsh & McLennan Companies to cover applicable taxes. These 26,426 shares underlying restricted stock units relate to performance stock units that were granted on February 23, 2022 for the performance period 2022-2024.
F2 This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
F3 The security converts to Marsh & McLennan Companies common stock on a 1-for-1 basis.
F4 Not applicable.
F5 These options were granted on May 1, 2016 and vested in four equal annual installments on May 1 of 2017, 2018, 2019 and 2020.