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WTWWillis Towers Watson · Insider ownership research

Willis Towers Watson insiders sold $1.2M in the past 12 months. How much of their stake is that?

About 1.7% overall. As a group they ended with more shares than they started with. The biggest individual seller, Matthew Furman, sold shares equal to 8.5% of starting holdings, but more vested, so the stake grew. These figures leave out Julie Gebauer, the largest holder (most holdings were last confirmed in 2016).

Updated Oct 9, 2026 from SEC filings · covers Oct 10, 2025 to Oct 9, 2026
How this comparesMore of their stake sold than at 159 of the 539 other companies we can measure (#381 of 540)See ranking
3
buyers among officers and directors (4 trades), past 12 months
0%
of sales were under disclosed trading plans, past 12 months
2 of 20
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 10, 2026 to Oct 9, 2026
Oct 1, 2026Lucy Clarke had 1.9K shares ($552K) withheld by the company for taxes (not a market sale). That is 8.4% of the total stake held that day.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Lucy Clarke
President of Risk & Broking
1,916$288.238.4%21KOct 1, 2026Oct 5, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? Less than usual: about one-tenth of the 5-year average. 2 insiders sold; the average is 4 a year. Year by year
Latest filing: Filed Oct 5 for a tax withholding on Oct 1. Lucy Clarke had 1.9K shares withheld by the company for taxes. Filing
153 SEC ownership filings in the period · See the evidence

What stands out

Three insiders bought shares: Lucy Clarke (5.4K shares, $1.5M), Carl Hess (2K shares, $510K) and Michael Hammond (241 shares, $67K). These are the first purchases by current officers or directors in the filings on record.Lucy Clarke: purchase, Feb 13, 2026 · Carl Hess: purchase, May 4, 2026 · Michael Hammond: purchase, Feb 12, 2026
Two officers sold shares but ended with larger stakes, because more shares came in than were sold: Matthew Furman (sold 3K, 8.5% of starting holdings; 6.9K added) and Alexis Faber (sold 730, 9.1% of starting holdings; 5.7K added).Matthew Furman: largest sale, Mar 3, 2026 · Alexis Faber: largest sale, Aug 10, 2026
Tax withholding outweighed market sales: the company withheld $18.7M of officers' and directors' shares for taxes, against $1.2M sold on the open market. The largest was Carl Hess ($10.1M withheld).Largest withholding, Apr 1, 2026

Percentages cover 18 of 20 officers and directors. Left out: Julie Gebauer (most holdings were last confirmed in 2016); Andrew Krasner (holdings couldn't be fully reconciled). Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is 100% of that person's own stake; not comparable between people. The stake is the vested shares held at the start of the period (Oct 9, 2025); the gold part is what they sold.

SoldRest of starting stake
Matthew Furman
General Counsel
8.5% · $912KNo plan disclosed
Alexis Faber
Chief Operating Officer
9.1% · $250KNo plan disclosed
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

No plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNovDecJanFebMar 2026: $912K no plan disclosed$912KMarAprMayJunJulAug 2026: $250K no plan disclosedAugSepOct

Common questions

Is the Willis Towers Watson CEO selling stock?

No. Carl Hess reported no open-market sales in the past 12 months.

Why are Willis Towers Watson insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Willis Towers Watson insiders buying?

Yes. 3 officers or directors reported 4 purchases in the past 12 months (Form 4 code P; rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust are not counted).

How much of their stake did Willis Towers Watson insiders sell?

About 1.7% overall. As a group they ended with more shares than they started with. The biggest individual seller, Matthew Furman, sold shares equal to 8.5% of starting holdings, but more vested, so the stake grew. These figures leave out Julie Gebauer, the largest holder (most holdings were last confirmed in 2016). That covers the 12 months to Oct 9, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold2 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Matthew Furman
General Counsel
$912K
3K shares
8.5%No plan disclosed
Alexis Faber
Chief Operating Officer
$250K
730 shares
9.1%No plan disclosed
The full ownership picture19 of 20 insiders fully reconciled · 20 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 9, 2025SoldHeld Oct 9, 2026Still held
Carl Hess
i
Minor difference of 241 shares. Footnotes say what happened but give no amount, so the amounts are derived from the balance changes: 1.13 shares to cover taxes (approximate). Includes unvested RSUs, amount not disclosed. To cover taxes (approximate): 1.13 shares surrendered or withheld for taxes; the footnote gives no amount, so it is derived from the balance change. Not a sale.
Chief Executive Officer, Director
86K0118Kno sales
Vesting, gifts, unvested awards and holding lines for Carl Hess
0shares vested or exercised
0gifted (net of own trusts)
−35Kwithheld by the company for taxes
18K → 19Kunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
  • To cover taxes (approximate): 1.13 shares surrendered or withheld for taxes; the footnote gives no amount, so it is derived from the balance change. Not a sale. Filing
Held throughShare classOct 9, 2025Oct 9, 2026
Direct
includes unvested RSUs, amount not disclosed
Ordinary Shares, nominal value $0.000304635 per share86,028117,548

Reconciliation: minor difference of 241 shares. Footnotes say what happened but give no amount, so the amounts are derived from the balance changes: 1.13 shares to cover taxes (approximate).

Julie Gebauer
!
Most of this insider's holdings were last confirmed in 2016. Confirmed in the last three years: 79,102 shares. Not confirmed since: 110,267 shares, left out of this row. "Still held" is not shown because it would cover only the smaller, confirmed part.
Pres.-Health, Wealth & Career
73K079Ksee note
Vesting, gifts, unvested awards and holding lines for Julie Gebauer
0shares vested or exercised
0gifted (net of own trusts)
−4Kwithheld by the company for taxes
29K → 30Kunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
  • To cover taxes (approximate): 2.2455 shares surrendered or withheld for taxes; the footnote gives no amount, so it is derived from the balance change. Not a sale. Filing 1 Filing 2
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
Direct
includes unvested RSUs, amount not disclosed
Ordinary Shares, nominal value $0.000304635 per share71,64678,034
Jeffrey Austin Gebauer Management Trust UA Feb 18, 2012Ordinary Shares, nominal value $0.000304635 per share534534
Dane Adam Gebauer Management Trust UA Feb 18, 2012Ordinary Shares, nominal value $0.000304635 per share534534

Additional holdings last reported Sep 15, 2016, not confirmed since: 110,267 shares. Not included in any total or percentage on this page.

Reconciliation: minor difference of 14 shares. Footnotes say what happened but give no amount, so the amounts are derived from the balance changes: 2.2455 shares to cover taxes (approximate).

Matthew Furman
i
Minor difference of 155 shares. Footnotes say what happened but give no amount, so the amounts are derived from the balance changes: 0.5255 shares to cover taxes (approximate). Includes unvested RSUs, amount not disclosed. To cover taxes (approximate): 0.5255 shares surrendered or withheld for taxes; the footnote gives no amount, so it is derived from the balance change. Not a sale. Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
General Counsel
35K−3K36K+0.6%
Vesting, gifts, unvested awards and holding lines for Matthew Furman
0shares vested or exercised
0gifted (net of own trusts)
−3.7Kwithheld by the company for taxes
5.7K → 6.3Kunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
  • To cover taxes (approximate): 0.5255 shares surrendered or withheld for taxes; the footnote gives no amount, so it is derived from the balance change. Not a sale. Filing
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
Direct
includes unvested RSUs, amount not disclosed
Ordinary Shares, nominal value $0.000304635 per share35,36835,561

Additional holdings last reported Apr 1, 2023, not confirmed since: 971 shares. Not included in any total or percentage on this page.

Reconciliation: minor difference of 155 shares. Footnotes say what happened but give no amount, so the amounts are derived from the balance changes: 0.5255 shares to cover taxes (approximate).

Anne Pullum
i
Minor difference of 164 shares. Small increase from dividend equivalents. Includes unvested RSUs, amount not disclosed. Small increase from dividend equivalents.
Co-Head of Corporate Dev.
18K022Kno sales
Vesting, gifts, unvested awards and holding lines for Anne Pullum
0shares vested or exercised
0gifted (net of own trusts)
−3.7Kwithheld by the company for taxes
3.3K → 3.6Kunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
  • Small increase from dividend equivalents. Filing 1 Filing 2
Held throughShare classOct 9, 2025Oct 9, 2026
Direct
includes unvested RSUs, amount not disclosed
Ordinary Shares, nominal value $0.000304635 per share17,76122,448

Reconciliation: minor difference of 164 shares. Small increase from dividend equivalents.

Andrew Krasner
!
Holdings couldn't be fully reconciled. A footnote describes a transfer or distribution between related entities, but the amounts could not be matched to the balance change. Largest: +7,061 shares on Apr 1, 2026 (Revocable Trust). See the filing Sales and other transactions for Andrew Krasner are complete.
Chief Financial Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Andrew Krasner
0shares vested or exercised
−68gifted (net of own trusts)
−4.9Kwithheld by the company for taxes
3.1K → 3.8Kunvested awards, start → end

Holdings couldn't be fully reconciled. A footnote describes a transfer or distribution between related entities, but the amounts could not be matched to the balance change. Largest: +7,061 shares on Apr 1, 2026 (Revocable Trust). The balances below are as reported, not verified totals.

Held throughShare classOct 9, 2025Oct 9, 2026
DirectOrdinary Shares, nominal value $0.000304635 per share4,0194,475
Revocable TrustOrdinary Shares, nominal value $0.000304635 per share11,98219,599
Lucy Clarke
i
Minor difference of -4 shares. Footnotes say what happened but give no amount, so the amounts are derived from the balance changes: 1.801 shares to cover taxes (approximate). To cover taxes (approximate): 1.801 shares surrendered or withheld for taxes; the footnote gives no amount, so it is derived from the balance change. Not a sale.
President of Risk & Broking
16K021Kno sales
Vesting, gifts, unvested awards and holding lines for Lucy Clarke
0shares vested or exercised
0gifted (net of own trusts)
−2.1Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • To cover taxes (approximate): 1.801 shares surrendered or withheld for taxes; the footnote gives no amount, so it is derived from the balance change. Not a sale. Filing
Held throughShare classOct 9, 2025Oct 9, 2026
DirectOrdinary Shares, nominal value $0.000304635 per share15,68820,841

Reconciliation: minor difference of -4 shares. Footnotes say what happened but give no amount, so the amounts are derived from the balance changes: 1.801 shares to cover taxes (approximate).

Paul Thomas
i
Includes unvested RSUs, amount not disclosed.
Director
13K013Kno sales
Vesting, gifts, unvested awards and holding lines for Paul Thomas
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 9, 2025Oct 9, 2026
Direct
includes unvested RSUs, amount not disclosed
Ordinary Shares, nominal value $0.000304635 per share13,04313,043
Kristy Banas
i
Minor difference of 163 shares. Small increase from dividend equivalents. Small increase from dividend equivalents.
Chief Human Resources Officer
8.4K011Kno sales
Vesting, gifts, unvested awards and holding lines for Kristy Banas
0shares vested or exercised
0gifted (net of own trusts)
−2.6Kwithheld by the company for taxes
1.7K → 1.9Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectOrdinary Shares, nominal value $0.000304635 per share8,41211,366

Reconciliation: minor difference of 163 shares. Small increase from dividend equivalents.

Alexis Faber
i
Minor difference of 120 shares. Footnotes say what happened but give no amount, so the amounts are derived from the balance changes: 111.2948 shares from stock units or awards that vested. Includes unvested RSUs, amount not disclosed. 111.2948 shares arrived when stock units or awards vested, by the footnote; no acquisition was reported, so the amount is derived from the balance change.
Chief Operating Officer
8K−73011K+35%
Vesting, gifts, unvested awards and holding lines for Alexis Faber
0shares vested or exercised
0gifted (net of own trusts)
−2.2Kwithheld by the company for taxes
3.6K → 3.9Kunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
  • 111.2948 shares arrived when stock units or awards vested, by the footnote; no acquisition was reported, so the amount is derived from the balance change. Filing
Held throughShare classOct 9, 2025Oct 9, 2026
Direct
includes unvested RSUs, amount not disclosed
Ordinary Shares, nominal value $0.000304635 per share7,98610,752
Directly held by immediate family memberOrdinary Shares, nominal value $0.000304635 per share11

Reconciliation: minor difference of 120 shares. Footnotes say what happened but give no amount, so the amounts are derived from the balance changes: 111.2948 shares from stock units or awards that vested.

Imran Qureshi
i
Minor difference of 8 shares. Difference is under 0.5% of holdings.
Global Head of Geographies
7.9K012Kno sales
Vesting, gifts, unvested awards and holding lines for Imran Qureshi
0shares vested or exercised
0gifted (net of own trusts)
−3.4Kwithheld by the company for taxes
4.5K → 4.9Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectOrdinary Shares, nominal value $0.000304635 per share7,9062,359
Revocable TrustOrdinary Shares, nominal value $0.000304635 per share09,861

Reconciliation: minor difference of 8 shares. Difference is under 0.5% of holdings.

Pamela Thomson-Hall
i
Includes unvested RSUs, amount not disclosed.
Head of International
5.8K05.8Kno sales
Vesting, gifts, unvested awards and holding lines for Pamela Thomson-Hall
0shares vested or exercised
0gifted (net of own trusts)
172 → 172unvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 9, 2025Oct 9, 2026
Direct
includes unvested RSUs, amount not disclosed
Ordinary Shares, nominal value $0.000304635 per share5,8365,840
Fumbi Chima
Director
3.4K04.3Kno sales
Vesting, gifts, unvested awards and holding lines for Fumbi Chima
0shares vested or exercised
0gifted (net of own trusts)
−534withheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectOrdinary Shares, nominal value $0.000304635 per share3,4324,315
Paul Reilly
Director
2.4K03.2Kno sales
Vesting, gifts, unvested awards and holding lines for Paul Reilly
0shares vested or exercised
0gifted (net of own trusts)
−495withheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectOrdinary Shares, nominal value $0.000304635 per share2,3233,146
Revocable TrustOrdinary Shares, nominal value $0.000304635 per share4848
Michelle Swanback
Director
2.3K02.8Kno sales
Vesting, gifts, unvested awards and holding lines for Michelle Swanback
0shares vested or exercised
0gifted (net of own trusts)
−341withheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectOrdinary Shares, nominal value $0.000304635 per share2,2642,848
Michael Hammond
Director
2.3K03.1Kno sales
Vesting, gifts, unvested awards and holding lines for Michael Hammond
0shares vested or exercised
0gifted (net of own trusts)
−341withheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectOrdinary Shares, nominal value $0.000304635 per share2,2643,089
Inga Beale
Director
2.3K02.8Kno sales
Vesting, gifts, unvested awards and holding lines for Inga Beale
0shares vested or exercised
0gifted (net of own trusts)
−341withheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectOrdinary Shares, nominal value $0.000304635 per share2,2642,848
Stephen Chipman
Director
1.7K02.3Kno sales
Vesting, gifts, unvested awards and holding lines for Stephen Chipman
0shares vested or exercised
0gifted (net of own trusts)
−341withheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectOrdinary Shares, nominal value $0.000304635 per share1,6882,272
Jacqueline Hunt
Director
1.7K02.3Kno sales
Vesting, gifts, unvested awards and holding lines for Jacqueline Hunt
0shares vested or exercised
0gifted (net of own trusts)
−341withheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectOrdinary Shares, nominal value $0.000304635 per share1,6882,272
Fredric Tomczyk
Director
1.7K02.3Kno sales
Vesting, gifts, unvested awards and holding lines for Fredric Tomczyk
0shares vested or exercised
0gifted (net of own trusts)
−341withheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectOrdinary Shares, nominal value $0.000304635 per share1,6882,272
Joseph Kurpis
i
Minor difference of -1 share. Footnotes say what happened but give no amount, so the amounts are derived from the balance changes: 1.86 shares to cover taxes (approximate). To cover taxes (approximate): 1.86 shares surrendered or withheld for taxes; the footnote gives no amount, so it is derived from the balance change. Not a sale.
PAO and Controller
1.2K01.7Kno sales
Vesting, gifts, unvested awards and holding lines for Joseph Kurpis
0shares vested or exercised
0gifted (net of own trusts)
−260withheld by the company for taxes
840 → 897unvested awards, start → end
  • To cover taxes (approximate): 1.86 shares surrendered or withheld for taxes; the footnote gives no amount, so it is derived from the balance change. Not a sale. Filing 1 Filing 2
Held throughShare classOct 9, 2025Oct 9, 2026
DirectOrdinary Shares, nominal value $0.000304635 per share1,2041,693

Reconciliation: minor difference of -1 share. Footnotes say what happened but give no amount, so the amounts are derived from the balance changes: 1.86 shares to cover taxes (approximate).

19 of 20 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (10 exactly, 9 with a minor or footnoted difference). For 1 we show sales but not holdings; the ! icon on that row explains why. Percentages cover 18 of 20 officers and directors. Left out: Julie Gebauer (most holdings were last confirmed in 2016); Andrew Krasner (holdings couldn't be fully reconciled). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$1.2M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $1.2M across 3,730 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $1.2M

Sales with no 10b5-1 plan and no tax reference in the filing. $912K of it is Matthew Furman. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Matthew Furman, Mar 3, 2026

Taxes

64,593 shares ($18.7M) were withheld by the company for taxes, which isn't a market sale.

Purchases · 3 buyers (4 trades)

3 officers and directors bought shares in this period, in 4 trades(Form 4 code P, leaving out rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust). Across all their filings on record there are 4 purchase trades.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Matthew Furman
General Counsel
3K$912K0%78%Mar 3, 2026 to Mar 3, 2026
Alexis Faber
Chief Operating Officer
730$250K0%22%Aug 10, 2026 to Aug 10, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$0$0$0$0
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$0$0$0$0
Mar 2026$912K$0$0$912K
Apr 2026$0$0$0$0
May 2026$0$0$0$0
Jun 2026$0$0$0$0
Jul 2026$0$0$0$0
Aug 2026$250K$0$0$250K
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about one-tenth of the 5-year average. 2 insiders sold; the average is 4 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 9, 2026
Latest 12 months
3.7K2$1.2M
Oct 9, 2025
1 year earlier
17K4$5.4M
Oct 9, 2024
2 years earlier
12K4$3.2M
Oct 10, 2023
3 years earlier
48K5$11.2M
Oct 10, 2022
4 years earlier
107K7$23.6M
Oct 10, 2021
5 years earlier
00$0

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty1 insider whose holdings couldn't be fully reconciled

Andrew Krasner: holdings couldn't be fully reconciled (difference of 173 shares). A footnote describes a transfer or distribution between related entities, but the amounts could not be matched to the balance change. Largest: +7,061 shares on Apr 1, 2026 (Revocable Trust). Filing, Apr 1, 2026

Footnote: "Reflects the transfer of shares to the reporting person's revocable trust following the vesting and settlement reported in this Form 4."

Carl Hess: minor difference of 241 shares. Footnotes say what happened but give no amount, so the amounts are derived from the balance changes: 1.13 shares to cover taxes (approximate).

Julie Gebauer: minor difference of 14 shares. Footnotes say what happened but give no amount, so the amounts are derived from the balance changes: 2.2455 shares to cover taxes (approximate).

Matthew Furman: minor difference of 155 shares. Footnotes say what happened but give no amount, so the amounts are derived from the balance changes: 0.5255 shares to cover taxes (approximate).

Anne Pullum: minor difference of 164 shares. Small increase from dividend equivalents.

Lucy Clarke: minor difference of -4 shares. Footnotes say what happened but give no amount, so the amounts are derived from the balance changes: 1.801 shares to cover taxes (approximate).

Kristy Banas: minor difference of 163 shares. Small increase from dividend equivalents.

Alexis Faber: minor difference of 120 shares. Footnotes say what happened but give no amount, so the amounts are derived from the balance changes: 111.2948 shares from stock units or awards that vested.

Imran Qureshi: minor difference of 8 shares. Difference is under 0.5% of holdings.

Joseph Kurpis: minor difference of -1 share. Footnotes say what happened but give no amount, so the amounts are derived from the balance changes: 1.86 shares to cover taxes (approximate).

Inferred rename: "Right to buy" is treated as the same holder as "Right to Acquire", because the old name was never reported again and the new one opened with the same balance (375,000 shares). Old name, new name

Inferred rename: "Right to Buy" is treated as the same holder as "Right to Acquire", because the old name was never reported again and the new one opened with the same balance (30,000 shares). Old name, new name

Inferred rename: "Right to Acquire" is treated as the same holder as "Right to buy", because the old name was never reported again and the new one opened with the same balance (125,000 shares). Old name, new name

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology2,532 filings from SEC EDGAR, and how we read them

All 2,532 Forms 3, 4 and 5 filed for Willis Towers Watson (SEC CIK 1140536) from Jan 10, 2003 to Oct 5, 2026, retrieved from SEC EDGAR on Oct 9, 2026. Prices are the ones reported in each filing, often weighted averages. 28 older filings exist only on paper and could not be read.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (99)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Adam GarrardJul 23, 202414,277 shares, last reported balance as of Jul 22, 2024
Linda RabbittMay 19, 202314,791 shares, last reported balance as of May 17, 2023
Brendan OneillMay 19, 20237,023 shares, last reported balance as of May 17, 2023
Anne BodnarApr 21, 202335,331 shares, last reported balance as of Apr 19, 2023
Gene WickesJan 19, 202368,233 shares, last reported balance as of Nov 18, 2022
Wilhelm ZellerOct 27, 20228,784 shares, last reported balance as of May 11, 2022
Victor GanziJun 10, 202221,378 shares, last reported balance as of Jun 8, 2022
Wendy LaneMay 13, 202293,289 shares, last reported balance as of May 11, 2022
Anna CatalanoMay 13, 202250,553 shares, last reported balance as of May 11, 2022
Jaymin PatelJan 3, 202210,244 shares, last reported balance as of Dec 29, 2021
John HaleyJan 3, 2022447,860 shares, last reported balance as of Dec 31, 2021
Joseph GunnAug 12, 202123,727 shares, last reported balance as of Jul 20, 2021
Michael BurwellAug 12, 202123,322 shares, last reported balance as of Jul 20, 2021
Nicolas AubertJul 22, 202116,508 shares, last reported balance as of Jul 20, 2021
Susan DaviesApr 19, 20211,708 shares, last reported balance as of Apr 2, 2021
Todd JonesAug 12, 201927,856 shares, last reported balance as of Mar 15, 2019
David ShaldersMar 19, 201914,455 shares, last reported balance as of Mar 15, 2019
Paul MorrisMar 19, 201940,940 shares, last reported balance as of Mar 15, 2019
James McCannSep 11, 2018101,939 shares, last reported balance as of Aug 14, 2018
Jeffrey UbbenNov 13, 20174,338 shares, last reported balance as of Aug 15, 2017
Jeffrey UbbenNov 13, 201752,492,166 shares, last reported balance as of Nov 10, 2017
Roger MillayOct 12, 201722,679 shares, last reported balance as of Sep 15, 2017
Dominic CasserleyNov 22, 2016150,583 shares, last reported balance as of May 11, 2016
James ForemanApr 7, 201625,007 shares, last reported balance as of Jan 4, 2016
Timothy WrightMar 8, 2016335,590 shares, last reported balance as of Mar 7, 2016
Douglas RobertsJan 6, 201670,299 shares, last reported balance as of Jan 4, 2016
Roy GardnerJan 6, 201666,386 shares, last reported balance as of Jan 4, 2016
Robyn KravitJan 6, 201619,597 shares, last reported balance as of Jan 4, 2016
Michael SomersJan 6, 201612,611 shares, last reported balance as of Jan 4, 2016
Celia BrownJan 6, 201623,021 shares, last reported balance as of Nov 9, 2015
Francisco LopezJan 6, 201613,188 shares, last reported balance as of Jan 4, 2016
John GreeneJan 6, 20162,388 shares, last reported balance as of Jan 4, 2016
Jeremy HanleyAug 12, 201561,947 shares, last reported balance as of Aug 10, 2015
Towers Watson & Co.Jul 7, 2015No balance on record
Stephen HearnMar 3, 201522,839 shares, last reported balance as of Mar 2, 2015
Adam RosmanJun 3, 20141,575 shares, last reported balance as of Jun 2, 2014
Michael NeborakDec 18, 201310,853 shares, last reported balance as of Dec 16, 2013
Joseph CalifanoMay 9, 201382,451 shares, last reported balance as of May 7, 2013
Jeffrey LaneMay 9, 201313,026 shares, last reported balance as of May 7, 2013
Vic KrauzeMay 3, 201329,355 shares, last reported balance as of May 2, 2013
Sarah TurvillApr 3, 2013356,810 shares, last reported balance as of Dec 26, 2012
Joseph PlumeriMar 11, 201310,462,107 shares, last reported balance as of Mar 7, 2013
Martin SullivanDec 28, 201237,004 shares, last reported balance as of Dec 26, 2012
Gioia GhezziDec 28, 2012No balance on record
William BradleyMay 8, 2012152,049 shares, last reported balance as of May 7, 2012
Adam CiongoliMay 8, 2012230,100 shares, last reported balance as of May 7, 2012
Peter HearnMay 8, 2012541,137 shares, last reported balance as of May 7, 2012
Grahame MillwaterMay 9, 2011740,580 shares, last reported balance as of May 6, 2011
David MargrettMay 9, 2011246,524 shares, last reported balance as of May 6, 2011
Donald BaileyDec 8, 2010367,578 shares, last reported balance as of Dec 7, 2010
David MeadJul 19, 2010No balance on record
Susan SztukaMay 7, 201081,490 shares, last reported balance as of May 5, 2010
Stephen WoodMay 7, 20109,029 shares, last reported balance as of May 6, 2010
Patrick ReganFeb 4, 201019,300 shares, last reported balance as of Feb 3, 2010
Allan GribbenJun 29, 2009208,714 shares, last reported balance as of Jun 25, 2009
Michael CrowleyNov 5, 200885,609 shares, last reported balance as of Nov 3, 2008
Eric FribergMay 7, 200833,870 shares, last reported balance as of May 5, 2008
Patrick LucasFeb 8, 200855,315 shares, last reported balance as of Oct 15, 2007
Joseph TrottiNov 7, 2007131,450 shares, last reported balance as of Nov 5, 2007
Dominic Samengo-TurnerNov 7, 2007179,916 shares, last reported balance as of Nov 5, 2007
Christopher LondonJun 1, 2007250,463 shares, last reported balance as of May 31, 2007
Gordon BethuneMay 2, 200765,000 shares, last reported balance as of May 4, 2006
Gregory ArmsApr 20, 200788,263 shares, last reported balance as of Apr 10, 2007
Valerie Di MariaApr 20, 200752,563 shares, last reported balance as of Apr 10, 2007
Mary CaiazzoApr 5, 200758,402 shares, last reported balance as of Mar 28, 2007
Jeanette ScampasMar 19, 2007207,998 shares, last reported balance as of Jun 20, 2006
William BartholomayMar 19, 2007205,968 shares, last reported balance as of Feb 20, 2007
Perry GolkinFeb 21, 20079,981,250 shares, last reported balance as of May 4, 2006
Richard BucknallFeb 14, 2007367,402 shares, last reported balance as of Feb 12, 2007
Stephen MaycockFeb 13, 2007353,051 shares, last reported balance as of Jul 7, 2006
Thomas ColraineDec 21, 2006489,854 shares, last reported balance as of Dec 21, 2006
Paul HazenAug 23, 2006116,111 shares, last reported balance as of May 4, 2006
Mario VitaleAug 14, 2006426,101 shares, last reported balance as of Aug 8, 2006
Eric DinalloJun 22, 2006168,339 shares, last reported balance as of Jun 20, 2006
Scott NuttallFeb 21, 20069,898,277 shares, last reported balance as of Nov 16, 2005
James FisherFeb 21, 2006337,434 shares, last reported balance as of Nov 16, 2005
William Bowden Jr.Feb 15, 2006110,958 shares, last reported balance as of Apr 30, 2005
George ReethJan 28, 2005128,402 shares, last reported balance as of Jan 25, 2005
John PellyAug 9, 2004562,090 shares, last reported balance as of Aug 6, 2004
Janet CoolickJun 22, 200459,727 shares, last reported balance as of Jun 18, 2004
James RatcliffeMay 10, 2004184,155 shares, last reported balance as of May 6, 2004
Todd FisherMar 24, 20048,725,790 shares, last reported balance as of Mar 22, 2004
Henry KravisMar 24, 20048,717,790 shares, last reported balance as of Mar 22, 2004
George RobertsMar 24, 20048,717,790 shares, last reported balance as of Mar 22, 2004
KKR 1996 OVERSEAS LTDFeb 27, 200411,698,405 shares, last reported balance as of Feb 25, 2004
Edward GilhulyFeb 27, 200411,698,405 shares, last reported balance as of Feb 25, 2004
James Greene Jr.Feb 27, 200411,698,405 shares, last reported balance as of Feb 25, 2004
Johannes HuthFeb 27, 200411,698,405 shares, last reported balance as of Feb 25, 2004
Robert MacdonnellFeb 27, 200411,698,405 shares, last reported balance as of Feb 25, 2004
Michael MichelsonFeb 27, 200411,698,405 shares, last reported balance as of Feb 25, 2004
Paul RaetherFeb 27, 200411,698,405 shares, last reported balance as of Feb 25, 2004
Scott StuartFeb 27, 200411,698,405 shares, last reported balance as of Feb 25, 2004
Alexandar Navab Jr.Feb 27, 200411,698,405 shares, last reported balance as of Feb 25, 2004
Sharing ProfitFeb 27, 200411,698,405 shares, last reported balance as of Feb 25, 2004
KKR ASSOCIATES II 1996 L PFeb 27, 200411,698,405 shares, last reported balance as of Feb 25, 2004
KKR 1996 FUND OVERSEAS L PFeb 27, 200411,698,405 shares, last reported balance as of Feb 25, 2004
Michael TokarzFeb 27, 200411,698,405 shares, last reported balance as of Feb 25, 2004
Neil RicharrdsonJan 27, 200435,543,328 shares, last reported balance as of May 15, 2003
Joseph McSweenyNov 12, 2003403,735 shares, last reported balance as of Nov 10, 2003

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