WILLIS TOWERS WATSON PLC — Director's Dealing 2023

Jul 19, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WILLIS TOWERS WATSON PLC (WTW)
CIK: 0001140536
Period of Report: 2023-07-17

Reporting Person: Faber Alexis (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-17	Ordinary Shares, nominal value $0.000304635 per share	A	2.828	—	Acquired	4796.828	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-17	Restricted Share Unit	$	A	6.1218	Acquired		Ordinary Shares, nominal value $0.000304635 per share (6.1218)	Direct
2023-07-17	Restricted Share Unit	$	A	3.1226	Acquired		Ordinary Shares, nominal value $0.000304635 per share (3.1226)	Direct
2023-07-17	Dividend Equivalent Rights- 2021 RSU	$	A	9.31	Acquired		Ordinary Shares, nominal value $0.000304635 per share (9.31)	Direct
2023-07-17	Dividend Equivalent Rights- 2022 RSU	$	A	1.873	Acquired		Ordinary Shares, nominal value $0.000304635 per share (1.873)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Ordinary Shares, nominal value $0.000304635 per share	1	Indirect

Footnotes

F1: The dividend equivalent rights accrued on the reporting person's previously reported restricted share unit award and will vest based on the same vesting schedule applicable to the underlying award. Each dividend equivalent right is the economic equivalent of one WTW Ordinary Share.

F2: Restricted share units settle for Ordinary Shares, nominal value $0.000304635 per share, on a 1:1 basis 6 months after the reporting person's termination date.

F3: Represents dividends acquired pursuant to the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees (the "Plan"), including the participant's deferral election under the Plan and the Company's matching contribution on the participant's deferral election credited to the participant's account in the form of restricted share units under the Plan.

F4: Vested shares under the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees settle for Ordinary Shares, nominal value $0.000304635 per share, on a 1:1 basis 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 and (ii) the date that is 30 days after the reporting person's death.

F5: Represents dividends acquired pursuant to the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees (the "Excess Plan"), including the participant's deferral election under the Excess Plan and the Company's matching contribution on the participant's deferral election credited to the participant's account in the form of restricted share units under the Excess Plan.