secwatch.observer — SEC 8-K summary
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Issuer:     WILLIS TOWERS WATSON PLC (WTW)
CIK:        0001140536
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001193125-23-028532
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

WTW adjusts 2022 incentive targets post-Russian divestiture
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- Committee modified three-year performance targets for 2022 PSU awards to align with recast 2024 financial targets post-Russian divestiture.
- Payouts on sliding scale; 100% target if recast Adjusted Operating Margin, Net Revenue, and EPS targets are met.
- 2022 STI program targets and actuals adjusted to exclude Russian divestiture on an organic basis.
- Changes align incentives with management's view of financial performance after Russian divestiture, not anticipated when targets were set.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1140536/000119312523028532/0001193125-23-028532-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1140536/000119312523028532/d453407d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-028532

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