Siegmund Jan 4

What Happened
Jan Siegmund, a director of Marsh & McLennan Companies (MRSH), acquired 4.88 shares via a derivative transaction on 2026-02-13. The reported price was $172.98 per share for an aggregate value of about $844. This was not an open-market purchase or sale but an acquisition of a derivative security that converts to one Marsh & McLennan common share per unit and was credited with dividend equivalents under the company’s Directors Stock Compensation Plan.

Key Details

• Transaction date and price: 2026-02-13 — 4.88 shares at $172.98 each (total ≈ $844).
• Nature of transaction: Derivative acquisition (code J on Form 4); security converts to common stock on a 1-for-1 basis (Footnote F1).
• Compensation detail: Acquired with dividend equivalents credited under the Directors Stock Compensation Plan (Footnote F2).
• Shares owned after transaction: Not disclosed on the Form 4.
• Filing timeliness: Form 4 filed 2026-02-18 (timely by SEC rules; filed on the second business day after the transaction).
• Footnote F3: Not applicable.

Context
This was a small, routine director-compensation credit rather than a market buy or sale; such derivative-to-stock conversions and dividend-equivalent credits are common for board compensation. These transactions are typically administrative and don’t necessarily indicate personal bullish or bearish trading decisions.