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Carl Hess received $12.8M in total compensation as CEO of WILLIS TOWERS WATSON PLC in FY2025. The largest component was $9.2M in stock awards. That’s up 2% from FY2024. Source: SEC DEF 14A.
In fiscal year 2025, Carl Hess, CEO of WILLIS TOWERS WATSON PLC (WTW), received total compensation of $12.8 million.
Carl Hess's compensation breakdown includes: base salary of $1 million, stock awards valued at $9.2 million, non-equity incentive compensation of $2.4 million, and other compensation of $197K.
Compared to fiscal year 2024, Carl Hess's total compensation increased 2% from $12.5 million to $12.8 million.
WILLIS TOWERS WATSON PLC's top 5 named executive officers received combined total compensation of $29.4 million in fiscal year 2025.
The named executive officers disclosed in WILLIS TOWERS WATSON PLC's 2025 proxy statement are:Carl Hess (CEO) with total compensation of $12.8 million, Andrew Krasner (CFO) with total compensation of $5.5 million, Julie Gebauer (President HWC) with total compensation of $4.5 million, Lucy Clarke (President R&B) with total compensation of $3.8 million, and Matthew Furman (General Counsel) with total compensation of $2.8 million.
Source Filing
Executive Record
Carl Hess
CEO
Reported Pay
$12.8MSummary compensation table total · FY2025
Findings
Reviewing FY2025 compensation of $12.8M against +5% shareholder return and the latest filing-backed pay disclosures.
Reported pay changed +2%; spread versus stock performance is pending computation.
Evidence is sourced from the latest executive compensation filing and return series for WTW.
Team view
5 executives
CEO
Total PayFY2025
$12.8M
CFO
Total PayFY2025
$5.5M
President HWC
Total PayFY2025
$4.5M
President R&B
Total PayFY2025
$3.8M
General Counsel
Total PayFY2025
$2.8M
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01FY2025 total compensation breakdown
$12.8M total compensation
Carl Hess earned $12.8M in FY2025— here's how that breaks down.
$9.2M
72% of total
$2.4M
19% of total
$1.0M
8% of total
$197.3K
2% of total
$30.1K
0% of total
Activity timeline · FY2025
Recent events from filings
Mar 27, 2026
Carl Hess Equity award
Mar 27, 2026
Carl Hess stock
Mar 27, 2026
Carl Hess Equity award (19,860 target units, 7,944 threshold, 39,720 maximum)
Mar 27, 2026
Andrew Krasner Equity award
Mar 27, 2026
Andrew Krasner stock
Mar 27, 2026
Andrew Krasner Equity award (6,542 target units, 2,617 threshold, 13,084 maximum)
Mar 27, 2026
Julie Gebauer Equity award
Mar 27, 2026
Julie Gebauer stock
A pay-performance summary will appear here once the verdict loads above.
02Pay changes vs. stock performance
1 year of data
Peer context
Dashed line marks the large-cap median compensation benchmark for companies around $27.4B market cap, based on 333 peers in this size band.
03Recent insider trades by officers and directors
~40 trades
04Showing FY2025 data (latest available)
FY2026does not include director compensation in our current dataset, so we're showing the latest board table we found.
We're loading the latest director compensation and board makeup.
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06For analysts and deep research
Historical compensation data from latest proxy filing
| Year | Executive | Salary | Bonus & Incentive | Stock Awards | Option Awards | Other Adj. | Total |
|---|---|---|---|---|---|---|---|
| 2025 | $1.00M | $2.38M | $9.18M | $0.00M | $0.23M | $12.8M | |
| 2024 | $1.00M | $2.37M | $8.93M | $0.00M | $0.20M | $12.5M | |
| 2023 | $1.00M | $2.50M | $8.50M | $0.00M | $0.67M | $12.7M | |
| 2022 | $1.06M | $1.80M | $7.25M | $0.00M | $0.62M | $10.7M | |
| 2021 | $0.77M | $2.44M | $1.17M | $0.00M | $0.45M | $4.83M | |
| 2020 | $0.65M | $0.76M | $1.53M | $0.00M | $1.01M | $3.94M |
Salary = base cash pay. Bonus & Incentive combines annual bonus and non-equity plans. Equity amounts are grant-date fair values. Other Adj. captures pension changes, perquisites, and any reconciliation items so the total matches the reported figure.
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WILLIS TOWERS WATSON PLC (WTW) — Key Facts
Last updated Jul 15, 2026 · DEF 14A filed Mar 27, 2026
| CEO | Carl Hess, CEO |
|---|---|
| Fiscal year | FY2025 |
| Total compensation | $12.8M |
| Base salary | $1M |
| Stock awards | $9.2M |
| Other compensation | $197K |
| Year-over-year change | +2% |
| Source | DEF 14A, 2026-03-27 |
Carl Hess, the CEO of WILLIS TOWERS WATSON PLC, received total compensation of $12.8 million in fiscal year 2025. This includes base salary of $1.0 million and stock awards valued at $9.2 million.
Carl Hess's base salary at WILLIS TOWERS WATSON PLC is $1.0 million per year as of fiscal year 2025. However, total compensation including stock awards, bonuses, and other benefits is $12.8 million.
WILLIS TOWERS WATSON PLC's CEO, Carl Hess, earned $12.8 million in total compensation for fiscal year 2025. The majority of this compensation comes from stock awards ($9.2 million) rather than base salary ($1.0 million).