Marsh McLennan (MRSH) Protective Put Calculator
Calculator · free · no signup · MRSHPrice a protective put, zero-cost collar, or put spread on Marsh McLennan. Annual cost, max loss, upside cap, tax treatment, auto-filled from current MRSH option chain.
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You priced one hedge. The beta picks the right hedge structure given your full equity stack and tax situation.
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About Marsh McLennan
Marsh McLennan (MRSH) is a public Fintech company, incorporated in Delaware and headquartered in New York, NY.
Last close: $170.06 per share (as of 2026-10-03).
Equity grants at Marsh McLennan typically include restricted stock units (RSUs).
Marsh & McLennan Companies, Inc., trading as Marsh McLennan and Marsh, is an American professional services firm headquartered in New York City, with businesses in insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting. Its four main operating companies are Marsh, which offers risk management, insurance broking, insurance program management, risk consulting, analytical modeling, and alternative risk financing services; Marsh Re, a reinsurance intermediary and advisor; Mercer, which provides consulting to employers for health insurance, retirement plans, and pension plans; and Oliver Wyman, including Lippincott and NERA Economic Consulting, which provides consulting services. In 2024, risk and insurance services contributed a total of 63% of revenues and 71% of operating profit, while consulting contributed 37% of revenues and 29% of operating profit. It is the largest insurance broker worldwide.
Source: Wikipedia (CC BY-SA 4.0)
The company is the largest insurance broker in the world and also owns Mercer, Oliver Wyman, and the reinsurance broker Guy Carpenter, so about a third of revenue comes from consulting rather than broking. Brokers are paid to place risk without carrying it, which produces stable fee income across underwriting cycles. Consulting on retirement, health benefits, and strategy is sold to the same corporate buyers. Scale matters in reinsurance placement because it concentrates market information. Headquarters are in New York.
Sources: sec.gov · en.wikipedia.org
Equity comp at Marsh McLennan
- Marsh McLennan's equity plan (2020 Stock Incentive and Incentive Compensation Plan) uses double trigger change in control vesting: a change in control alone does not accelerate RSU or PSU vesting if the awards are assumed or replaced on equivalent terms by the acquirer. Accelerated vesting only occurs if, within 24 months after the change in control, the employee is terminated without cause or resigns for good reason. If awards are not assumed or replaced on an equivalent basis, they vest immediately upon the change in control.
- RSUs use double-trigger vesting. Two things must both happen before the shares are yours: (1) the normal time-based vesting completes, and (2) the company has a liquidity event (an IPO or an acquisition). Until both happen, you do not yet own the shares and you do not owe tax on them.
Researched 2026-08-24.
OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by Marsh McLennan.
A protective put caps your downside on the MRSH position at a chosen floor; a zero-cost collar pays for that floor by capping the upside. This calculator prices both structures off the current MRSH option chain, with annual cost, max loss, and tax-treatment notes.
Example: a 5,000-share MRSH position at $170.06 is worth $850,300. A 1-year 30%-OTM put on that position typically runs 2-4% of position value per year (about $17,006 to $34,012) before any premium offset from a short call. The calculator prices both structures off MRSH's current option chain so you see the actual cost for your chosen floor, tenor, and cap.
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Marsh McLennan equity questions
- How much does it cost to hedge MRSH stock?
- The cost of a protective put depends on how far below the current price you set the floor, how long the protection lasts, and MRSH's option-implied volatility. A zero-cost collar lowers that cost by selling away some upside. The calculator above prices both structures off the current MRSH option chain and shows the annual cost, maximum loss, and tax treatment.
- Does Marsh McLennan grant ISOs, NSOs, or RSUs?
- Equity compensation at Marsh McLennan typically takes the form of restricted stock units (RSUs). Restricted stock units are taxed as ordinary income when they vest.
- Do Marsh McLennan RSUs use double-trigger vesting?
- Yes. Marsh McLennan restricted stock units (RSUs) vest only when two things both happen: the time-based schedule completes, and the company has a liquidity event such as an initial public offering (IPO) or an acquisition. Until both occur you do not own the shares and owe no tax on them.
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