Carl Hess named CEO of Willis Towers Watson effective Jan 1, 2022; compensation set at $7.25M LTI

WILLIS TOWERS WATSON PLC

Carl Hess appointed CEO effective Jan 1, 2022; receives $7.25M 2022 LTI award, $1M base salary, 175% STI target.
John Haley departing Dec 31, 2021; receives $3,298,590 STI award (95% of estimated) plus accelerated vesting of 2019 LTI.
Amended 2019 LTI provides settlement in shares based on performance through Dec 31, 2021, with a clawback for overpayment.

item 5.02 item 9.01

Executive movements

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Departed

John Haley

Other Named Officer

WTW · WILLIS TOWERS WATSON PLC

Effective: 2021-12-31
Successor: Carl Hess
Filed: December 10, 2021, 6:59 PM ET

On December 6, 2021, the Committee also approved, with the full Board ratifying, a 2021 STI award for Mr. John Haley who is departing the Company on December 31, 2021.

Appointed

Carl Hess

Chief Executive Officer

WTW · WILLIS TOWERS WATSON PLC

Effective: 2022-01-01
Filed: December 10, 2021, 6:59 PM ET

On December 6, 2021, the Compensation Committee (the “Committee”) of Willis Towers Watson Public Limited Company (the “Company”) approved, with the full Board of Directors ratifying, a 2022 Long-Term Incentive (“LTI”) Compensation award target for Mr. Carl Hess of $7.25 million in connection with his appointment to Chief Executive Officer of the Company, effective January 1, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John Haley departed as other_named_officer at WILLIS TOWERS WATSON PLC.

Action: departing

Exact text from the filing

On December 6, 2021, the Committee also approved, with the full Board ratifying, a 2021 STI award for Mr. John Haley who is departing the Company on December 31, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Carl Hess was appointed as Chief Executive Officer at WILLIS TOWERS WATSON PLC.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On December 6, 2021, the Compensation Committee (the “Committee”) of Willis Towers Watson Public Limited Company (the “Company”) approved, with the full Board of Directors ratifying, a 2022 Long-Term Incentive (“LTI”) Compensation award target for Mr. Carl Hess of $7.25 million in connection with his appointment to Chief Executive Officer of the Company, effective January 1, 2022.

View on SEC.gov

WILLIS TOWERS WATSON PLC filing history →

Source: SEC EDGAR

accession 0001193125-21-353911

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