---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-058337"
form_type: "8-K"
ticker: "WTW"
cik: "0001140536"
company_name: "WILLIS TOWERS WATSON PLC"
filed_at: "2022-02-28T23:59:59+00:00"
generated_at: "2026-06-27T03:26:15.583143+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Willis Towers Watson revamps 2022 incentive plans and CEO Carl Hess's severance

## Summary
- 2022 STI program: 66.7% enterprise financial (adjusted net revenue & adjusted operating income), 33.3% individual; payout 50%-200% of target.
- 2022 LTI program: 75% performance-based PSUs (50% adj. operating margin, 30% adj. net revenue, 20% adj. EPS) and 25% time-based RSUs.
- Severance amendments for CEO Hess: on involuntary termination (non-CIC), 2x base salary + target STI, paid monthly over 24 months.
- On CIC qualifying termination, Hess gets lump sum of 36 months base salary + 3x target STI + pro rata annual STI.
- Former CEO John Haley to receive additional $202,410 from 2021 STI award due to actual results exceeding forecast.

## SEC filing metadata
- accession: 0001193125-22-058337
- form_type: 8-K
- ticker: WTW
- cik: 0001140536
- company_name: WILLIS TOWERS WATSON PLC
- filed_at: 2022-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1140536/000119312522058337/0001193125-22-058337-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1140536/000119312522058337/d452103d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-058337
- JSON: https://secwatch.observer/filing/0001193125-22-058337.json
- Plain text: https://secwatch.observer/filing/0001193125-22-058337.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.