Kristy D Banas, Willis Group Holdings Limited's Chief Human Resources Officer, just received 24 restricted shares from the company. The restricted shares don't become available to Banas until such time as they become vested. Banas now owns at least 251 restricted shares of the company.
Some additional info was provided as follows:
Vested shares under the Non-Qualified Stable Value Excess Plan for U.S. Employees settle for Ordinary Shares, nominal value $0.000304635 per share, on a 1:1 basis on the first business day of the month on which the NASDAQ Stock Market is open for business following the earlier of (i) the date that is 6 months after the reporting person's separation from service and (ii) the date that is 30 days after the reporting person's death.
Includes restricted share units credited to the participant's account by the Company pursuant to the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees (the "Plan") accrual formula, net of the units acquired pursuant to the participant's deferral election under the Plan.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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