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

Signature
/s/ Tessa Patti, Attorney-in-fact
Stock symbol
MMC
Transactions as of
Feb 28, 2025
Transactions value $
-$6,820,463
Form type
4
Date filed
3/4/2025, 04:08 PM
Previous filing
Feb 20, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMC Common Stock Options Exercise $0 +26.4K +35.35% $0.00 101K Feb 28, 2025 Direct F1
transaction MMC Common Stock Tax liability -$3.15M -13.5K -13.33% $233.74 87.7K Feb 28, 2025 Direct F1
transaction MMC Common Stock Options Exercise $1.33M +21.1K +24.04% $63.09 109K Mar 3, 2025 Direct F2
transaction MMC Common Stock Sale -$5M -21.1K -19.38% $237.05 87.7K Mar 3, 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 -26.4K -100% $0.00 0 Feb 28, 2025 Common Stock 26.4K Direct F1, F3, F4
transaction MMC Stock Options (Right to Buy) Options Exercise $0 -21.1K -25% $0.00 63.2K Mar 3, 2025 Common Stock 21.1K $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.