Companies Marsh & McLennan Companies

Marsh & McLennan Companies (MMC): executive pay, fiscal 2025

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CEO total pay$25,051,051CEO John Doyle · source

Say-on-pay support88.05%Latest vote · source

CEO vs. named peers29th pct.Of 7 peer CEOs

CEO pay ratio330:1To the median employee · source

CEO pay, last three years

$22,807,539FY2024
$25,051,051FY2025

CEO total pay was $25,051,051 in fiscal 2025, up from $22,807,539 in fiscal 2024.

FY2025: salary $1,500,000 · bonus $0 · stock awards $9,209,469 · option awards $8,375,020

Executives and directors

Dean Klisura · CEO John Doyle · CEO Mark McGivney · CFO Martin South · CEO Patrick Tomlinson · CEO

Frequently asked questions

Who was the highest-paid executive at Marsh & McLennan Companies in fiscal 2025?

As disclosed, John Doyle (President and Chief Executive Officer, Marsh McLennan) was the highest-paid executive at Marsh & McLennan Companies in fiscal 2025, with total compensation of $25,051,051.

How does Marsh & McLennan Companies's chief executive pay compare to its disclosed peer group?

As disclosed, John Doyle's total compensation ranked at the 29th percentile of Marsh & McLennan Companies's disclosed peer group.

What is Marsh & McLennan Companies's CEO-to-median employee pay ratio?

As disclosed, Marsh & McLennan Companies's CEO-to-median employee pay ratio was 330:1.

How did shareholders vote on Marsh & McLennan Companies's executive compensation?

As disclosed, 88.05% of shareholders supported Marsh & McLennan Companies's executive compensation in the latest say-on-pay vote.

How much does Marsh & McLennan Companies spend in total on board compensation for fiscal 2025?

As disclosed, Marsh & McLennan Companies reported total board compensation of $4,014,117 for fiscal 2025.

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.

Full detail

Every table from the filing. Open any section.

Summary compensation table

Named executive officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension / NQDC	All other	Total
John Doyle	$1,500,000	$0	$9,209,469	$8,375,020	$5,550,000	$0	$416,562	$25,051,051
President and Chief Executive Officer, Marsh McLennan
Mark McGivney	1,000,000	0	1,979,499	1,800,052	3,100,000	53,579	190,519	8,123,648
Senior Vice President and Chief Financial Officer, Marsh McLennan
Martin South	1,000,000	0	1,759,442	1,600,008	3,500,000	0	141,544	8,000,994
President and Chief Executive Officer of Marsh Risk and Vice Chair, Marsh McLennan
Dean Klisura	875,000	0	1,099,778	1,000,048	3,300,000	102,559	143,211	6,520,596
President and Chief Executive Officer of Guy Carpenter and Vice Chair, Marsh McLennan
Patrick Tomlinson	900,000	0	1,264,631	1,150,052	2,700,000	6,731	154,008	6,175,422
President and Chief Executive Officer of Mercer and Vice Chair, Marsh McLennan

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

Named executive officer	FY2025 total	FY2024 total	FY2023 total	Δ FY2024→2025
John Doyle	$25,051,051	$22,807,539	—	↑ +2,243,512
Mark McGivney	8,123,648	7,959,614	—	↑ +164,034
Martin South	8,000,994	8,277,685	—	↓ −276,691
Dean Klisura	6,520,596	6,591,139	—	↓ −70,543
Patrick Tomlinson	6,175,422	7,356,059	—	↓ −1,180,637

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

Incentive-plan design — the Compensation Discussion & Analysis

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

CEO STI target (% of salary)	250%
CEO LTI target (% of salary)	—
Independent consultant	Pay Governance LLC
Clawback policy	True
Anti-hedging	True
Anti-pledging	True

Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

Executive	Award	Grant date	Threshold	Target	Granted	Maximum	Grant-date fair value
Martin South	PSU	2025-02-18	0	6,948	—	13,896	$1,759,442
John Doyle	PSU	2025-02-18	0	36,368	—	72,736	9,209,469
Mark McGivney	PSU	2025-02-18	0	7,817	—	15,634	1,979,499
Dean Klisura	OPTION	2025-02-18	—	—	17,447	—	1,000,048
Patrick Tomlinson	PSU	2025-02-18	0	4,994	—	9,988	1,264,631
John Doyle	OPTION	2025-02-18	—	—	146,112	—	8,375,020
Dean Klisura	PSU	2025-02-18	0	4,343	—	8,686	1,099,778
Patrick Tomlinson	OPTION	2025-02-18	—	—	20,064	—	1,150,052
Mark McGivney	OPTION	2025-02-18	—	—	31,404	—	1,800,052
Martin South	OPTION	2025-02-18	—	—	27,914	—	1,600,008

Vehicle mix — grant-date fair value by award type

Named executive officer	Time-vested (RSU)	Performance-vested (PSU)	Options / SARs	% performance-vested
Martin South	$0	$1,759,442	$1,600,008	52.4%
John Doyle	0	9,209,469	8,375,020	52.4%
Mark McGivney	0	1,979,499	1,800,052	52.4%
Dean Klisura	0	1,099,778	1,000,048	52.4%
Patrick Tomlinson	0	1,264,631	1,150,052	52.4%

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

Outstanding equity awards at fiscal year-end 2025

Executive	Award	Shares unvested	Exercise price	Market value unvested
Patrick Tomlinson	RSU	610	—	$113,167
Patrick Tomlinson	Option	996	151.37	—
Patrick Tomlinson	RSU	1,228	—	227,819
Patrick Tomlinson	Option	1,790	164.15	—
Patrick Tomlinson	PSU	1,828	—	339,131
Dean Klisura	PSU	4,343	—	805,713
Patrick Tomlinson	RSU	4,854	—	900,514
Patrick Tomlinson	PSU	4,994	—	926,487
Dean Klisura	Option	5,976	151.37	—
Martin South	PSU	6,948	—	1,288,993
Mark McGivney	PSU	7,817	—	1,450,210
Dean Klisura	PSU	8,980	—	1,665,970
Martin South	Option	9,960	151.37	—
Dean Klisura	Option	10,436	164.15	—
Dean Klisura	PSU	10,662	—	1,978,014
Patrick Tomlinson	PSU	10,976	—	2,036,268
Mark McGivney	Option	12,947	151.37	—
Dean Klisura	Option	13,556	200.47	—
Martin South	PSU	13,968	—	2,591,343
John Doyle	Option	15,935	151.37	—
Martin South	Option	16,102	164.15	—
Martin South	PSU	16,450	—	3,051,804
Patrick Tomlinson	Option	16,569	200.47	—
Mark McGivney	PSU	17,210	—	3,192,799
Dean Klisura	Option	17,447	230.29	—
Mark McGivney	Option	19,978	164.15	—
Patrick Tomlinson	Option	20,064	230.29	—
Mark McGivney	PSU	20,410	—	3,786,463
Martin South	Option	21,087	200.47	—
Mark McGivney	Option	25,982	200.47	—
Martin South	Option	27,914	230.29	—
Mark McGivney	Option	31,404	230.29	—
John Doyle	PSU	36,368	—	6,746,991
John Doyle	Option	66,194	164.15	—
John Doyle	PSU	67,624	—	12,545,604
John Doyle	PSU	68,590	—	12,724,817
John Doyle	Option	103,548	200.47	—
John Doyle	Option	146,112	230.29	—

Director compensation

Director	Cash fees	Stock awards	Option awards	Non-equity incentive	All other	Total
H. Edward HanwayIndependent · Board Chair · Business Responsibility · Compensation · Directors and Governance · Executive (Chair) · Finance	$342,500	$215,000	$0	$0	—	$557,500
Anthony K. AndersonIndependent · Audit (Chair) · Business Responsibility	175,000	215,000	0	0	—	390,000
Steven A. MillsIndependent · Compensation (Chair) · Directors and Governance · Executive	167,500	215,000	0	0	—	382,500
Morton O. SchapiroIndependent · Compensation · Directors and Governance (Chair) · Executive	162,500	215,000	0	0	—	377,500
Deborah C. HopkinsIndependent · Directors and Governance · Executive · Finance (Chair)	162,500	215,000	0	0	—	377,500
Lloyd M. YatesIndependent · Business Responsibility (Chair) · Compensation · Finance	152,500	215,000	0	0	—	367,500
Tamara IngramIndependent · Business Responsibility (Chair) · Compensation	152,500	215,000	0	0	—	367,500
Judith HartmannIndependent · Audit · Business Responsibility · Finance	142,500	215,000	0	0	—	357,500
Jane H. LuteIndependent · Audit · Business Responsibility	35,625	215,000	0	0	106,875	357,500
Jan SiegmundIndependent · Audit · Finance	142,500	215,000	0	0	—	357,500
Oscar FanjulIndependent · Not standing for re-election · Departed during FY · Partial-year service	70,394	—	0	0	—	70,394
Bruce BroussardIndependent · Audit · Partial-year service · Newly elected	51,223	0	0	0	0	51,223
Peter HarrisonIndependent · Compensation · Finance · Partial-year service · Newly elected	0	0	0	0	0	0
John Q. DoyleEmployee director · Executive · Finance	0	0	0	—	0	0

Board fee structure and ownership guideline

Annual cash retainer	$145,000
Annual equity retainer	$215,000
Per board meeting fee	—
Committee chair fees (audit / comp / nom-gov)	35,000 / 25,000 / 20,000
Stock ownership guideline	5x annual retainer ($700,000)

Total cost of the board

Component	FY2025
Cash retainers and fees	$1,757,242
Equity awards (grant-date value)	$2,150,000
All other compensation	$106,875
Total cost of the board	$4,014,117

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

Peer group, and who names Marsh & McLennan Companies as a peer

Companies that benchmark against MMC

21 companies name MMC as a compensation peer

Accenture plcACNFY2025
ALLSTATE CORPALLFY2025
AMERICAN INTERNATIONAL GROUP, INC.AIGFY2025
Aon plcAONFY2025
Arthur J. Gallagher & Co.AJGFY2025
AUTOMATIC DATA PROCESSING INCADPFY2026
CAMPBELL'S CoCPBFY2026
CBRE GROUP, INC.CBREFY2025
Chubb LtdCBFY2025
DXC Technology CoDXCFY2026
JONES LANG LASALLE INCJLLFY2025
Kyndryl Holdings, Inc.KDFY2026
MARKEL GROUP INC.MKLFY2025
METLIFE INCMETFY2025
MOODYS CORP /DE/MCOFY2025
RYAN SPECIALTY HOLDINGS, INC.RYANFY2025
S&P Global Inc.SPGIFY2025
SEMPRASREFY2025
TRAVELERS COMPANIES, INC.TRVFY2025
WILLIS TOWERS WATSON PLCWTWFY2025

Each company listed discloses MMC in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named MMC in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Disclosed peer group — fiscal year 2025

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

WTW Willis Towers Watson plcADP Automatic Data Processing, Inc.AON Aon plcAJG Arthur J. Gallagher & Co.AIG American International Group, Inc.TRV The Travelers Companies, Inc.ACN Accenture plc

Peer reciprocity

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.

Willis Towers Watson plc (WTW)— Automatic Data Processing, Inc. (ADP)⁹⁹— Aon plc (AON)¹⁰⁰— Arthur J. Gallagher & Co. (AJG)¹⁰¹— American International Group, Inc. (AIG)¹⁰²— The Travelers Companies, Inc. (TRV)¹⁰³— Accenture plc (ACN)¹⁰⁴

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.

Chief executive pay against the peer group

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

Rank	Company	FY	Chief executive	Salary	Stock awards	Option awards	Non-equity incentive	Total
1	Aon plc	2025	Gregory Case	$1,500,000	$68,769,941	$0	$2,437,500	$73,742,639
2	American International Group, Inc.	2025	Peter Zaffino	1,500,000	14,084,855	4,374,994	12,000,000	32,460,049
3	Accenture plc	2025	Julie Sweet	1,550,000	22,876,232	0	4,500,000	29,641,903
4	The Travelers Companies, Inc.	2025	Alan Schnitzer	1,450,000	9,417,364	6,100,056	9,000,000	26,968,756
5	Automatic Data Processing, Inc.	2026	Maria Black	1,267,000	20,671,694	0	2,926,800	25,452,877
6	Marsh & McLennan Companies	2025	John Doyle	1,500,000	9,209,469	8,375,020	5,550,000	25,051,051
7	Arthur J. Gallagher & Co.	2025	Pat Gallagher	1,500,000	6,579,513	2,233,382	7,950,000	20,745,060
8	Willis Towers Watson plc	2025	Carl Hess	1,000,000	9,182,185	—	2,384,000	12,793,605

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.

Incentive design against the same peers

Company	Annual incentive payout	Long-term vehicle mix	PSU measures include TSR	Compensation consultant
Marsh & McLennan Companies	not disclosed	Options 50 · PSU 50	No	Pay Governance LLC
Accenture plc	not disclosed	not disclosed	No	Pay Governance LLC
American International Group, Inc.	not disclosed	PSU 75 · Options 25	No	Pay Governance
Aon plc	100%	PSU 100	No	Meridian Compensation Partners, LLC
Arthur J. Gallagher & Co.	200%	PSU 75 · Option 25	No	Pearl Meyer
Automatic Data Processing, Inc.	not disclosed	PSU 75 · RSU 25	Yes — Relative Total Shareholder Return (rTSR)	FW Cook
The Travelers Companies, Inc.	not disclosed	PSU 60 · Option 40	No	FW Cook
Willis Towers Watson plc	119.2%	PSU 75 · RSU 25	No	Not disclosed

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.

Say-on-pay history and pay ratio

Meeting year	Meeting date	For	Against	Abstain	Support	Outcome
2026	2026-05-21	362,069,913	47,108,150	2,053,496	88.05%	Passed
2025	2025-05-15	375,565,938	38,726,601	541,910	90.53%	Passed
2024	2024-05-16	390,338,237	29,587,334	926,926	92.75%	Passed
2023	2023-05-18	276,367,550	144,272,980	3,602,887	65.14%	Passed
2022	2022-05-19	400,876,604	24,990,693	775,167	93.96%	Passed
2021	2021-05-20	411,633,809	21,033,240	783,091	94.97%	Passed

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

Meeting year	Meeting date	Approval — company’s computation
2026	2026-05-21	88.05%^a
2025	2025-05-15	90.53%^b
2024	2024-05-16	92.75%^c

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.

CEO pay ratio

Ratio (CEO : median employee)	330 : 1
CEO total compensation	$25,051,051
Median employee compensation	$76,092

Insider trades since the proxy

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.

Insider	Role	Transaction date	Code	Shares	Price	Value	Security	Source
Nicholas Mark Studer	President and CEO Marsh Risk	2026-04-01	A	5,766	$0	$0	Derivative, Class A Common	Form 4 ↗
Katherine Brennan	SVP and General Counsel	2026-05-01	A	5,963	0	0	Derivative, Class A Common	Form 4 ↗
Carmen Fernandez	SVP, Chief People Officer	2026-05-01	A	5,963	0	0	Derivative, Class A Common	Form 4 ↗
John Q. Doyle	President and CEO	2026-05-01	A	89,441	0	0	Derivative, Class A Common	Form 4 ↗
Nicholas Mark Studer	President and CEO Marsh Risk	2026-05-01	A	8,945	0	0	Derivative, Class A Common	Form 4 ↗
Mark McGivney	EVP, CFO and COO	2026-05-01	A	59,627	0	0	Derivative, Class A Common	Form 4 ↗
Dean Klisura	President & CEO, Guy Carpenter	2026-05-01	A	14,907	0	0	Derivative, Class A Common	Form 4 ↗
Paul Beswick	SVP, Chief Information Officer	2026-05-01	A	14,907	0	0	Derivative, Class A Common	Form 4 ↗
John Jude Jones	Chief Marketing Officer	2026-05-01	A	5,963	0	0	Derivative, Class A Common	Form 4 ↗
Martin South	Chief Client Officer	2026-05-01	A	5,963	0	0	Derivative, Class A Common	Form 4 ↗
Patrick Tomlinson	President and CEO, Mercer	2026-05-01	A	14,907	0	0	Derivative, Class A Common	Form 4 ↗
Dividend-equivalent accruals		2026-05-15	—	150	—	~24,069	4 insiders, 4 accrual rows
Jane H. Lute	Director	2026-05-15	A	169.29	161	27,188	Derivative, Class A Common	Form 4 ↗
Deborah C. Hopkins	Director	2026-05-15	A	111.82	161	17,958	Derivative, Class A Common	Form 4 ↗
Morton O. Schapiro	Director	2026-05-15	A	495.08	161	79,510	Derivative, Class A Common	Form 4 ↗
Anthony K. Anderson	Director	2026-05-15	A	87.67	161	14,080	Derivative, Class A Common	Form 4 ↗
Steven A. Mills	Director	2026-05-15	A	264	161	42,398	Common	Form 4 ↗
Lloyd M. Yates	Director	2026-05-15	A	225.72	161	36,251	Derivative, Class A Common	Form 4 ↗
Morton O. Schapiro	Director	2026-05-15	A	256.85	161	41,250	Derivative, Class A Common	Form 4 ↗
Bruce Broussard	Director	2026-06-01	A	1,349	159	214,869	Common	Form 4 ↗
Peter Harrison	Director	2026-06-01	D	103.39	159	16,468	Common	Form 4 ↗
Judith Hartmann	Director	2026-06-01	A	1,349	159	214,869	Common	Form 4 ↗
H. Edward Hanway	Director	2026-06-01	A	1,349	159	214,869	Common	Form 4 ↗
Lloyd M. Yates	Director	2026-06-01	A	1,349.82	159	214,999	Derivative, Class A Common	Form 4 ↗
Anthony K. Anderson	Director	2026-06-01	A	1,349.82	159	214,999	Derivative, Class A Common	Form 4 ↗
Morton O. Schapiro	Director	2026-06-01	A	1,349.82	159	214,999	Derivative, Class A Common	Form 4 ↗
Jane H. Lute	Director	2026-06-01	A	1,349.82	159	214,999	Derivative, Class A Common	Form 4 ↗
Peter Harrison	Director	2026-06-01	A	1,349.82	159	214,999	Common	Form 4 ↗
Deborah C. Hopkins	Director	2026-06-01	A	1,349.82	159	214,999	Derivative, Class A Common	Form 4 ↗
Tamara Ingram	Director	2026-06-01	A	1,349.82	159	214,999	Derivative, Class A Common	Form 4 ↗
Jan Siegmund	Director	2026-06-01	A	1,349.82	159	214,999	Derivative, Class A Common	Form 4 ↗
Steven A. Mills	Director	2026-06-01	A	1,349	159	214,869	Common	Form 4 ↗
John Q. Doyle	President and CEO	2026-06-02	D	16,656	0	0	Derivative, Class A Common	Form 4 ↗
John Q. Doyle	President and CEO	2026-06-02	D	16,656	162	2,693,442	Common	Form 4 ↗
John Q. Doyle	President and CEO	2026-06-02	A	16,656	73	1,219,136	Common	Form 4 ↗
Lloyd M. Yates	Director	2026-07-23	D	12,000	176	2,107,800	Common	Form 4 ↗
Martin South	Chief Client Officer	2026-07-28	D	7,100	190	1,348,947	Common	Form 4 ↗
Paul Beswick	SVP, Chief Information Officer	2026-07-29	D	713	198	141,174	Common	Form 4 ↗
John Jude Jones	Chief Marketing Officer	2026-08-06	D	6,500	192	1,247,723	Common	Form 4 ↗
Dividend-equivalent accruals		2026-08-14	—	106	—	~20,093	3 insiders, 3 accrual rows
Lloyd M. Yates	Director	2026-08-14	A	64.85	189	12,266	Derivative, Class A Common	Form 4 ↗
Deborah C. Hopkins	Director	2026-08-14	A	112.08	189	21,200	Derivative, Class A Common	Form 4 ↗
Morton O. Schapiro	Director	2026-08-14	A	473.39	189	89,542	Derivative, Class A Common	Form 4 ↗
Anthony K. Anderson	Director	2026-08-14	A	89.41	189	16,912	Derivative, Class A Common	Form 4 ↗
Steven A. Mills	Director	2026-08-15	A	194	188	36,558	Common	Form 4 ↗
Lloyd M. Yates	Director	2026-08-15	A	223.73	188	42,161	Derivative, Class A Common	Form 4 ↗
Bruce Broussard	Director	2026-08-15	A	192	188	36,181	Common	Form 4 ↗
Jane H. Lute	Director	2026-08-15	A	144.27	188	27,187	Derivative, Class A Common	Form 4 ↗
Morton O. Schapiro	Director	2026-08-15	A	218.9	188	41,251	Derivative, Class A Common	Form 4 ↗

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.

View all 54 transactions

Insider	Role	Transaction date	Code	Shares	Price	Value	Security	Source
Nicholas Mark Studer	President and CEO Marsh Risk	2026-04-01	A	5,766	$0	$0	Derivative, Class A Common	Form 4 ↗
Katherine Brennan	SVP and General Counsel	2026-05-01	A	5,963	0	0	Derivative, Class A Common	Form 4 ↗
Carmen Fernandez	SVP, Chief People Officer	2026-05-01	A	5,963	0	0	Derivative, Class A Common	Form 4 ↗
John Q. Doyle	President and CEO	2026-05-01	A	89,441	0	0	Derivative, Class A Common	Form 4 ↗
Nicholas Mark Studer	President and CEO Marsh Risk	2026-05-01	A	8,945	0	0	Derivative, Class A Common	Form 4 ↗
Mark McGivney	EVP, CFO and COO	2026-05-01	A	59,627	0	0	Derivative, Class A Common	Form 4 ↗
Dean Klisura	President & CEO, Guy Carpenter	2026-05-01	A	14,907	0	0	Derivative, Class A Common	Form 4 ↗
Paul Beswick	SVP, Chief Information Officer	2026-05-01	A	14,907	0	0	Derivative, Class A Common	Form 4 ↗
John Jude Jones	Chief Marketing Officer	2026-05-01	A	5,963	0	0	Derivative, Class A Common	Form 4 ↗
Martin South	Chief Client Officer	2026-05-01	A	5,963	0	0	Derivative, Class A Common	Form 4 ↗
Patrick Tomlinson	President and CEO, Mercer	2026-05-01	A	14,907	0	0	Derivative, Class A Common	Form 4 ↗
Jan Siegmund	Director	2026-05-15	A	5.29	161	850	Derivative, Class A Common	Form 4 ↗
Jane H. Lute	Director	2026-05-15	A	41.2	161	6,617	Derivative, Class A Common	Form 4 ↗
Jane H. Lute	Director	2026-05-15	A	169.29	161	27,188	Derivative, Class A Common	Form 4 ↗
Tamara Ingram	Director	2026-05-15	A	43.11	161	6,923	Derivative, Class A Common	Form 4 ↗
Deborah C. Hopkins	Director	2026-05-15	A	111.82	161	17,958	Derivative, Class A Common	Form 4 ↗
Morton O. Schapiro	Director	2026-05-15	A	495.08	161	79,510	Derivative, Class A Common	Form 4 ↗
Anthony K. Anderson	Director	2026-05-15	A	87.67	161	14,080	Derivative, Class A Common	Form 4 ↗
Lloyd M. Yates	Director	2026-05-15	A	60.27	161	9,679	Derivative, Class A Common	Form 4 ↗
Steven A. Mills	Director	2026-05-15	A	264	161	42,398	Common	Form 4 ↗
Lloyd M. Yates	Director	2026-05-15	A	225.72	161	36,251	Derivative, Class A Common	Form 4 ↗
Morton O. Schapiro	Director	2026-05-15	A	256.85	161	41,250	Derivative, Class A Common	Form 4 ↗
Bruce Broussard	Director	2026-06-01	A	1,349	159	214,869	Common	Form 4 ↗
Peter Harrison	Director	2026-06-01	D	103.39	159	16,468	Common	Form 4 ↗
Judith Hartmann	Director	2026-06-01	A	1,349	159	214,869	Common	Form 4 ↗
H. Edward Hanway	Director	2026-06-01	A	1,349	159	214,869	Common	Form 4 ↗
Lloyd M. Yates	Director	2026-06-01	A	1,349.82	159	214,999	Derivative, Class A Common	Form 4 ↗
Anthony K. Anderson	Director	2026-06-01	A	1,349.82	159	214,999	Derivative, Class A Common	Form 4 ↗
Morton O. Schapiro	Director	2026-06-01	A	1,349.82	159	214,999	Derivative, Class A Common	Form 4 ↗
Jane H. Lute	Director	2026-06-01	A	1,349.82	159	214,999	Derivative, Class A Common	Form 4 ↗
Peter Harrison	Director	2026-06-01	A	1,349.82	159	214,999	Common	Form 4 ↗
Deborah C. Hopkins	Director	2026-06-01	A	1,349.82	159	214,999	Derivative, Class A Common	Form 4 ↗
Tamara Ingram	Director	2026-06-01	A	1,349.82	159	214,999	Derivative, Class A Common	Form 4 ↗
Jan Siegmund	Director	2026-06-01	A	1,349.82	159	214,999	Derivative, Class A Common	Form 4 ↗
Steven A. Mills	Director	2026-06-01	A	1,349	159	214,869	Common	Form 4 ↗
John Q. Doyle	President and CEO	2026-06-02	D	16,656	0	0	Derivative, Class A Common	Form 4 ↗
John Q. Doyle	President and CEO	2026-06-02	D	16,656	162	2,693,442	Common	Form 4 ↗
John Q. Doyle	President and CEO	2026-06-02	A	16,656	73	1,219,136	Common	Form 4 ↗
Lloyd M. Yates	Director	2026-07-23	D	12,000	176	2,107,800	Common	Form 4 ↗
Martin South	Chief Client Officer	2026-07-28	D	7,100	190	1,348,947	Common	Form 4 ↗
Paul Beswick	SVP, Chief Information Officer	2026-07-29	D	713	198	141,174	Common	Form 4 ↗
John Jude Jones	Chief Marketing Officer	2026-08-06	D	6,500	192	1,247,723	Common	Form 4 ↗
Jan Siegmund	Director	2026-08-14	A	12.03	189	2,275	Derivative, Class A Common	Form 4 ↗
Lloyd M. Yates	Director	2026-08-14	A	64.85	189	12,266	Derivative, Class A Common	Form 4 ↗
Tamara Ingram	Director	2026-08-14	A	47.56	189	8,996	Derivative, Class A Common	Form 4 ↗
Deborah C. Hopkins	Director	2026-08-14	A	112.08	189	21,200	Derivative, Class A Common	Form 4 ↗
Morton O. Schapiro	Director	2026-08-14	A	473.39	189	89,542	Derivative, Class A Common	Form 4 ↗
Anthony K. Anderson	Director	2026-08-14	A	89.41	189	16,912	Derivative, Class A Common	Form 4 ↗
Jane H. Lute	Director	2026-08-14	A	46.64	189	8,822	Derivative, Class A Common	Form 4 ↗
Steven A. Mills	Director	2026-08-15	A	194	188	36,558	Common	Form 4 ↗
Lloyd M. Yates	Director	2026-08-15	A	223.73	188	42,161	Derivative, Class A Common	Form 4 ↗
Bruce Broussard	Director	2026-08-15	A	192	188	36,181	Common	Form 4 ↗
Jane H. Lute	Director	2026-08-15	A	144.27	188	27,187	Derivative, Class A Common	Form 4 ↗
Morton O. Schapiro	Director	2026-08-15	A	218.9	188	41,251	Derivative, Class A Common	Form 4 ↗

Sources (104 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

Section 01, John Doyle. DEF 14A, filed 2026-03-31. Section “2025 Summary Compensation Table”. As printed: 25,051,051. View filing ↗
Section 01, Mark McGivney. DEF 14A, filed 2026-03-31. Section “2025 Summary Compensation Table”. As printed: 8,123,648. View filing ↗
Section 01, Martin South. DEF 14A, filed 2026-03-31. Section “2025 Summary Compensation Table”. As printed: 8,000,994. View filing ↗
Section 01, Dean Klisura. DEF 14A, filed 2026-03-31. Section “2025 Summary Compensation Table”. As printed: 6,520,596. View filing ↗
Section 01, Patrick Tomlinson. DEF 14A, filed 2026-03-31. Section “2025 Summary Compensation Table”. As printed: 6,175,422. View filing ↗
Section 03, Martin South PSU. DEF 14A, filed 2026-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
Section 03, John Doyle PSU. DEF 14A, filed 2026-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
Section 03, Mark McGivney PSU. DEF 14A, filed 2026-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
Section 03, Dean Klisura OPTION. DEF 14A, filed 2026-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
Section 03, Patrick Tomlinson PSU. DEF 14A, filed 2026-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
Section 03, John Doyle OPTION. DEF 14A, filed 2026-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
Section 03, Dean Klisura PSU. DEF 14A, filed 2026-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
Section 03, Patrick Tomlinson OPTION. DEF 14A, filed 2026-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
Section 03, Mark McGivney OPTION. DEF 14A, filed 2026-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
Section 03, Martin South OPTION. DEF 14A, filed 2026-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
Section 07, pay ratio. DEF 14A, filed 2026-03-31. Section “CEO Pay Ratio”. As printed: 330 : 1. View filing ↗
Section 08, H. Edward Hanway. DEF 14A, filed 2026-03-31. Section “Director Compensation”. As printed: 557,500. View filing ↗
Section 08, Anthony K. Anderson. DEF 14A, filed 2026-03-31. Section “Director Compensation”. As printed: 390,000. View filing ↗
Section 08, Steven A. Mills. DEF 14A, filed 2026-03-31. Section “Director Compensation”. As printed: 382,500. View filing ↗
Section 08, Morton O. Schapiro. DEF 14A, filed 2026-03-31. Section “Director Compensation”. As printed: 377,500. View filing ↗
Section 08, Deborah C. Hopkins. DEF 14A, filed 2026-03-31. Section “Director Compensation”. As printed: 377,500. View filing ↗
Section 08, Lloyd M. Yates. DEF 14A, filed 2026-03-31. Section “Director Compensation”. As printed: 367,500. View filing ↗
Section 08, Tamara Ingram. DEF 14A, filed 2026-03-31. Section “Director Compensation”. As printed: 367,500. View filing ↗
Section 08, Judith Hartmann. DEF 14A, filed 2026-03-31. Section “Director Compensation”. As printed: 357,500. View filing ↗
Section 08, Jane H. Lute. DEF 14A, filed 2026-03-31. Section “Director Compensation”. As printed: 357,500. View filing ↗
Section 08, Jan Siegmund. DEF 14A, filed 2026-03-31. Section “Director Compensation”. As printed: 357,500. View filing ↗
Section 08, Oscar Fanjul. DEF 14A, filed 2026-03-31. Section “Director Compensation”. As printed: 70,394. View filing ↗
Section 08, Bruce Broussard. DEF 14A, filed 2026-03-31. Section “Director Compensation”. As printed: 51,223. View filing ↗
Section 08, Peter Harrison. DEF 14A, filed 2026-03-31. Section “Director Compensation”. As printed: 0. View filing ↗
Section 08, John Q. Doyle. DEF 14A, filed 2026-03-31. Section “Director Compensation”. As printed: 0. View filing ↗
Section 02, Nicholas Mark Studer 2026-04-01. Form 4, filed 2026-04-03. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Katherine Brennan 2026-05-01. Form 4, filed 2026-05-01. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Carmen Fernandez 2026-05-01. Form 4, filed 2026-05-01. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, John Q. Doyle 2026-05-01. Form 4, filed 2026-05-01. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Nicholas Mark Studer 2026-05-01. Form 4, filed 2026-05-01. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Mark McGivney 2026-05-01. Form 4, filed 2026-05-01. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Dean Klisura 2026-05-01. Form 4, filed 2026-05-01. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Paul Beswick 2026-05-01. Form 4, filed 2026-05-01. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, John Jude Jones 2026-05-01. Form 4, filed 2026-05-01. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Martin South 2026-05-01. Form 4, filed 2026-05-01. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Patrick Tomlinson 2026-05-01. Form 4, filed 2026-05-01. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Jan Siegmund 2026-05-15. Form 4, filed 2026-05-18. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Jane H. Lute 2026-05-15. Form 4, filed 2026-05-18. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Jane H. Lute 2026-05-15. Form 4, filed 2026-05-18. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Tamara Ingram 2026-05-15. Form 4, filed 2026-05-18. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Deborah C. Hopkins 2026-05-15. Form 4, filed 2026-05-18. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Morton O. Schapiro 2026-05-15. Form 4, filed 2026-05-18. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Anthony K. Anderson 2026-05-15. Form 4, filed 2026-05-18. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Lloyd M. Yates 2026-05-15. Form 4, filed 2026-05-18. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Steven A. Mills 2026-05-15. Form 4, filed 2026-05-18. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Lloyd M. Yates 2026-05-15. Form 4, filed 2026-05-18. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Morton O. Schapiro 2026-05-15. Form 4, filed 2026-05-18. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Bruce Broussard 2026-06-01. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Peter Harrison 2026-06-01. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Judith Hartmann 2026-06-01. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, H. Edward Hanway 2026-06-01. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Lloyd M. Yates 2026-06-01. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Anthony K. Anderson 2026-06-01. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Morton O. Schapiro 2026-06-01. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Jane H. Lute 2026-06-01. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Peter Harrison 2026-06-01. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Deborah C. Hopkins 2026-06-01. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Tamara Ingram 2026-06-01. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Jan Siegmund 2026-06-01. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Steven A. Mills 2026-06-01. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, John Q. Doyle 2026-06-02. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, John Q. Doyle 2026-06-02. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, John Q. Doyle 2026-06-02. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Lloyd M. Yates 2026-07-23. Form 4, filed 2026-07-24. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Martin South 2026-07-28. Form 4, filed 2026-07-29. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Paul Beswick 2026-07-29. Form 4, filed 2026-07-31. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, John Jude Jones 2026-08-06. Form 4, filed 2026-08-07. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Jan Siegmund 2026-08-14. Form 4, filed 2026-08-18. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Lloyd M. Yates 2026-08-14. Form 4, filed 2026-08-18. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Tamara Ingram 2026-08-14. Form 4, filed 2026-08-18. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Deborah C. Hopkins 2026-08-14. Form 4, filed 2026-08-18. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Morton O. Schapiro 2026-08-14. Form 4, filed 2026-08-18. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Anthony K. Anderson 2026-08-14. Form 4, filed 2026-08-18. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Jane H. Lute 2026-08-14. Form 4, filed 2026-08-18. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Steven A. Mills 2026-08-15. Form 4, filed 2026-08-18. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Lloyd M. Yates 2026-08-15. Form 4, filed 2026-08-18. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Bruce Broussard 2026-08-15. Form 4, filed 2026-08-18. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Jane H. Lute 2026-08-15. Form 4, filed 2026-08-18. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Morton O. Schapiro 2026-08-15. Form 4, filed 2026-08-18. Insider equity transaction reported since the proxy statement. View filing ↗
Section 06, 2026 vote. Form 8-K, filed 2026-05-22. Item 5.07 · say-on-pay result. As reported: 88.05% (votes for as printed: 362,069,913). View filing ↗
Section 06, 2025 vote. Form 8-K, filed 2025-05-19. Item 5.07 · say-on-pay result. As reported: 90.53% (votes for as printed: 375,565,938). View filing ↗
Section 06, 2024 vote. Form 8-K, filed 2024-05-17. Item 5.07 · say-on-pay result. As reported: 92.75% (votes for as printed: 390,338,237). View filing ↗
Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
Section 09b board cost (computed). Computed. Cash 1,757,242 + equity 2,150,000 + all other 106,875 = 4,014,117, summed across the director compensation table rows.
Aon plc, Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Aon plc's own proxy. As printed: 73,742,639. View filing ↗
American International Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in American International Group, Inc.'s own proxy. As printed: 32,460,049. View filing ↗
Accenture plc, Section 10b CEO total. DEF 14A, filed 2025-12-12. CEO total compensation as printed in Accenture plc's own proxy. As printed: 29,641,903. View filing ↗
The Travelers Companies, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-07. CEO total compensation as printed in The Travelers Companies, Inc.'s own proxy. As printed: 26,968,756. View filing ↗
Automatic Data Processing, Inc., Section 10b CEO total. DEF 14A, filed 2026-09-24. CEO total compensation as printed in Automatic Data Processing, Inc.'s own proxy. As printed: 25,452,877. View filing ↗
Marsh & McLennan Companies (subject), Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Marsh & McLennan Companies's own proxy. As printed: 25,051,051. View filing ↗
Arthur J. Gallagher & Co., Section 10b CEO total. DEF 14A, filed 2026-03-23. CEO total compensation as printed in Arthur J. Gallagher & Co.'s own proxy. As printed: 20,745,060. View filing ↗
Willis Towers Watson plc, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Willis Towers Watson plc's own proxy. As printed: 12,793,605. View filing ↗
Section 10a, Automatic Data Processing, Inc. reciprocity. DEF 14A. Automatic Data Processing, Inc.'s most recent proxy was read; its disclosed peer group does not include Marsh & McLennan Companies. View filing ↗
Section 10a, Aon plc reciprocity. DEF 14A. Aon plc's most recent proxy was read; its disclosed peer group does not include Marsh & McLennan Companies. View filing ↗
Section 10a, Arthur J. Gallagher & Co. reciprocity. DEF 14A. Arthur J. Gallagher & Co.'s most recent proxy was read; its disclosed peer group does not include Marsh & McLennan Companies. View filing ↗
Section 10a, American International Group, Inc. reciprocity. DEF 14A. American International Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Marsh & McLennan Companies. View filing ↗
Section 10a, The Travelers Companies, Inc. reciprocity. DEF 14A. The Travelers Companies, Inc.'s most recent proxy was read; its disclosed peer group does not include Marsh & McLennan Companies. View filing ↗
Section 10a, Accenture plc reciprocity. DEF 14A. Accenture plc's most recent proxy was read; its disclosed peer group does not include Marsh & McLennan Companies. View filing ↗