Marsh & McLennan Companies (MMC)

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

You have just read Marsh & McLennan Companies's Summary Compensation Table. The whole free brief as a PDF, emailed now, with every figure cited — then a few short notes on the deeper MMC reports.

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One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Our executive compensation program is governed by four principles: Aligning with stockholder value creation with a focus on balancing risk and reward in compensation programs, policies and practices; Supporting a strong performance culture through short-term and long-term variable compensation, with the ability to differentiate among individuals based upon actual results; Setting target compensation at competitive levels in markets where we operate with flexibility to recognize different business models and markets for talent; Maximizing colleagues perceived value of our programs through transparent processes and communication

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

a. Approved under the standard stated in the filing — “Vote Required for Other Proposals Proposal Vote Required Item 2--Advisory (nonbinding) vote to approve named executive officer compensation Majority of the voting power present in person or represented by proxy at the meeting and entitled to vote Item 3--Ratification of the selection of Deloitte & Touche LLP as our independent registered public accounting firm Majority of the voting power present in person or represented by proxy at the meeting and entitled to vote Notice of Annual Meeting and 2026 Proxy Statement | Marsh & McLennan Companies, Inc.”.

b. Approved under the standard stated in the filing — “Abstentions have the effect of a vote "against" each of the proposals.”.

c. Approved under the standard stated in the filing — “Abstentions have the effect of a vote "against" each of the proposals.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Of the companies Marsh & McLennan Companies names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Marsh & McLennan Companies.

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

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