AUBERT NICOLAS (Head of Great Britain) reported 2 transactions at WILLIS TOWERS WATSON PLC

Review the transaction codes below to understand the nature of each event.

AUBERT NICOLAS

Filed: 7/22/2020ACC: 0001127602-20-021983

InsiderAUBERT NICOLASCIK 1642045

→

IssuerWILLIS TOWERS WATSON PLCCIK 1140536

Officer· Head of Great Britain

Since Nov 2018

-5.72K

Net shares

Net seller

$1.21M

Total sold

Open market trades

0B · 0S

Total transactions

170.00 acquired · 5.89K disposed

Non-Derivative Transactions2

Ordinary Shares, nominal value $0.000304635 per share

Direct

X · X

+85.00

Price / share

—

Trade value

—

% of position

0.5%

7/20/2020

18.14K→18.22K

Ordinary Shares, nominal value $0.000304635 per share

Direct

F · Tax Withholding

−5.80K

Price / share

$208.50

Trade value

$1.21M

% of position

31.9%

7/20/2020

18.22K→12.42K

Total

Net shares

−5.72K

Net value

-$1.21M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Ordinary Shares, nominal value $0.000304635 per share Direct	7/20/2020	X · X	+85.00	—	—	0.5%	18.14K	18.22K
Ordinary Shares, nominal value $0.000304635 per share Direct	7/20/2020	F · Tax Withholding	−5.80K	$208.50	$1.21M	31.9%	18.22K	12.42K
Total			−5.72K		-$1.21M

Derivative Transactions3

Dividend Equivalent Rights

Direct

A · Award

Converts to

Ordinary Shares, nominal value $0.000304635 per share

45.00 shares

+45.00

Strike price

Held after

45.00

Exercisable

—

4/15/2020

Dividend Equivalent Rights

Direct

A · Award

Converts to

Ordinary Shares, nominal value $0.000304635 per share

40.00 shares

+40.00

Strike price

Held after

85.00

Exercisable

—

7/15/2020

Dividend Equivalent Rights

Direct

X · X

Converts to

Ordinary Shares, nominal value $0.000304635 per share

85.00 shares

−85.00

Strike price

Held after

0.00

Exercisable

—

7/20/2020

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Dividend Equivalent Rights Direct	Ordinary Shares, nominal value $0.000304635 per share45.00 shares	4/15/2020	A · Award	+45.00	—	45.00
Dividend Equivalent Rights Direct	Ordinary Shares, nominal value $0.000304635 per share40.00 shares	7/15/2020	A · Award	+40.00	—	85.00
Dividend Equivalent Rights Direct	Ordinary Shares, nominal value $0.000304635 per share85.00 shares	7/20/2020	X · X	−85.00	—	0.00