What the executives and directors of Marsh McLennan actually did with their own shares, decoded from three years of SEC Form 4 filings.
The tape: three years of insider trades
Every marker sits at the exact price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
Skin in the game
Directly held shares as reported after each trade, indexed to 100 five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m |
|---|---|---|---|---|
| Doyle John Q President and CEO | CEO | 133.5K | — | $13.9M |
| MCGIVNEY MARK C Chief Financial Officer | CFO | 51.6K | — | — |
| FANJUL OSCAR | Director | 44K | — | — |
| HANWAY H EDWARD | Director | 36.9K | — | — |
| Studer Nicholas Mark President and CEO of OWG | CEO | 32.5K | — | $706K |
| Klisura Dean Michael President & CEO, Guy Carpenter | CEO | 30.3K | — | — |
| Fernandez Carmen SVP, Chief People Officer | Officer | 16.9K | — | — |
| South Martin Chief Client Officer | Officer | 16.6K | — | $1.3M |
| Beswick Paul SVP, Chief Information Officer | Officer | 16.4K | — | $141K |
| Yates Lloyd M | Director | 12K | — | $2.1M |
| Brennan Katherine SVP and General Counsel | Officer | 11.2K | — | — |
| Ferland Martine President and CEO, Mercer | CEO | 9,979 | — | — |
| Jones John Jude Chief Marketing Officer | Officer | 7,978 | — | $410K |
| MILLS STEVEN A | Director | 5,758 | — | — |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-07-29 | Beswick Paul (Officer) | Planned sale (10b5-1) | 713 | $198.00 | $141K |
| 2026-07-28 | South Martin (Officer) | Discretionary sale | 7,100 | $189.99 | $1.3M |
| 2026-07-23 | Yates Lloyd M (Director) | Discretionary sale | 12K | $175.65 | $2.1M |
| 2026-06-02 | Doyle John Q (CEO) | Planned sale (10b5-1) | 16.7K | $161.71 | $2.7M |
| 2026-03-11 | Jones John Jude (Officer) | Discretionary sale | 2,362 | $173.61 | $410K |
| 2026-03-04 | Doyle John Q (CEO) | Planned sale (10b5-1) | 16.7K | $183.30 | $3.1M |
| 2026-03-03 | Studer Nicholas Mark (CEO) | Discretionary sale | 3,837 | $184.03 | $706K |
| 2025-12-01 | Doyle John Q (CEO) | Planned sale (10b5-1) | 21.1K | $182.22 | $3.8M |
| 2025-09-02 | Doyle John Q (CEO) | Planned sale (10b5-1) | 21.1K | $205.65 | $4.3M |
| 2025-07-30 | Anderson Anthony (Director) | Open-market buy | 500 | $201.03 | $101K |
| 2025-07-29 | Anderson Anthony (Director) | Open-market buy | 500 | $202.20 | $101K |
| 2025-06-02 | Doyle John Q (CEO) | Planned sale (10b5-1) | 21.1K | $232.05 | $4.9M |
| 2025-04-03 | Beswick Paul (Officer) | Planned sale (10b5-1) | 2,237 | $246.00 | $550K |
| 2025-03-31 | Klisura Dean Michael (CEO) | Planned sale (10b5-1) | 9,569 | $245.00 | $2.3M |
| 2025-03-12 | Studer Nicholas Mark (CEO) | Discretionary sale | 49.4K | $230.16 | $11.4M |
| 2025-03-10 | MCGIVNEY MARK C (CFO) | Planned sale (10b5-1) | 10.5K | $234.97 | $2.5M |
| 2025-03-10 | Mills Stacy (Officer) | Planned sale (10b5-1) | 1,317 | $234.97 | $309K |
| 2025-03-10 | Klisura Dean Michael (CEO) | Planned sale (10b5-1) | 7,121 | $234.97 | $1.7M |
| 2025-03-06 | Jones John Jude (Officer) | Discretionary sale | 1,024 | $235.61 | $241K |
| 2025-03-06 | Jones John Jude (Officer) | Discretionary sale | 4,743 | $235.37 | $1.1M |
| 2025-03-06 | Jones John Jude (Officer) | Discretionary sale | 5,057 | $234.84 | $1.2M |
| 2025-03-04 | South Martin (CEO) | Discretionary sale | 2,000 | $239.96 | $480K |
| 2025-03-04 | South Martin (CEO) | Discretionary sale | 6,028 | $239.20 | $1.4M |
| 2025-03-04 | South Martin (CEO) | Discretionary sale | 6,592 | $240.04 | $1.6M |
| 2025-03-04 | South Martin (CEO) | Discretionary sale | 11.9K | $239.47 | $2.8M |
| 2025-03-03 | Doyle John Q (CEO) | Planned sale (10b5-1) | 21.1K | $237.05 | $5M |
| 2025-03-03 | Studer Nicholas Mark (CEO) | Discretionary sale | 3,649 | $238.74 | $871K |
| 2024-10-31 | FANJUL OSCAR (Director) | Discretionary sale | 2,500 | $220.54 | $551K |
| 2024-10-30 | FANJUL OSCAR (Director) | Discretionary sale | 2,500 | $221.55 | $554K |
| 2024-09-05 | Beswick Paul (Officer) | Planned sale (10b5-1) | 2,169 | $232.00 | $503K |
| 2024-08-22 | MCGIVNEY MARK C (CFO) | Planned sale (10b5-1) | 50.9K | $225.22 | $11.5M |
| 2024-08-15 | FANJUL OSCAR (Director) | Discretionary sale | 2,500 | $220.44 | $551K |
| 2024-08-14 | FANJUL OSCAR (Director) | Discretionary sale | 2,500 | $219.33 | $548K |
| 2024-08-05 | MCGIVNEY MARK C (CFO) | Planned sale (10b5-1) | 5,200 | $225.03 | $1.2M |
| 2024-08-02 | MCGIVNEY MARK C (CFO) | Planned sale (10b5-1) | 400 | $227.31 | $91K |
| 2024-08-02 | MCGIVNEY MARK C (CFO) | Planned sale (10b5-1) | 3,791 | $225.77 | $856K |
| 2024-08-02 | MCGIVNEY MARK C (CFO) | Planned sale (10b5-1) | 6,074 | $226.75 | $1.4M |
| 2024-08-02 | Mills Stacy (Officer) | Planned sale (10b5-1) | 4,101 | $225.77 | $926K |
| 2024-07-16 | Beswick Paul (Officer) | Discretionary sale | 2,169 | $220.00 | $477K |
| 2024-06-13 | FANJUL OSCAR (Director) | Discretionary sale | 1,000 | $209.01 | $209K |
| 2024-06-13 | FANJUL OSCAR (Director) | Discretionary sale | 2,000 | $209.03 | $418K |
| 2024-06-13 | FANJUL OSCAR (Director) | Discretionary sale | 3,000 | $209.00 | $627K |
| 2024-05-17 | Beswick Paul (Officer) | Planned sale (10b5-1) | 2,169 | $210.13 | $456K |
| 2024-03-14 | Mills Stacy (Officer) | Discretionary sale | 1,461 | $209.16 | $306K |
| 2024-03-08 | Klisura Dean Michael (CEO) | Discretionary sale | 9,994 | $205.00 | $2M |
| 2024-03-07 | Jones John Jude (Officer) | Discretionary sale | 1,505 | $203.67 | $307K |
| 2024-03-06 | South Martin (CEO) | Discretionary sale | 3,066 | $203.58 | $624K |
| 2024-03-06 | South Martin (CEO) | Discretionary sale | 11.6K | $203.38 | $2.4M |
| 2024-03-05 | Ferland Martine (CEO) | Discretionary sale | 9,128 | $201.63 | $1.8M |
| 2024-03-05 | Beswick Paul (Officer) | Planned sale (10b5-1) | 1,000 | $202.00 | $202K |
| 2024-03-05 | Beswick Paul (Officer) | Planned sale (10b5-1) | 1,169 | $202.00 | $236K |
| 2024-03-04 | MCGIVNEY MARK C (CFO) | Planned sale (10b5-1) | 12.5K | $200.79 | $2.5M |
| 2024-03-04 | Beswick Paul (Officer) | Planned sale (10b5-1) | 1,000 | $200.79 | $201K |
| 2024-03-04 | Beswick Paul (Officer) | Planned sale (10b5-1) | 1,169 | $200.79 | $235K |
| 2024-03-04 | Klisura Dean Michael (CEO) | Planned sale (10b5-1) | 2,536 | $200.79 | $509K |
| 2024-02-29 | Studer Nicholas Mark (CEO) | Discretionary sale | 1,021 | $201.90 | $206K |
| 2023-11-28 | FANJUL OSCAR (Director) | Discretionary sale | 5,000 | $200.17 | $1M |
| 2023-11-03 | Jones John Jude (Officer) | Discretionary sale | 4,908 | $193.08 | $948K |
| 2023-08-29 | FANJUL OSCAR (Director) | Discretionary sale | 3,000 | $194.90 | $585K |
| 2023-07-26 | Klisura Dean Michael (CEO) | Discretionary sale | 13K | $192.20 | $2.5M |
“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.
Filing hygiene
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.