Form 4: AJG Controller Sells Shares for Tax Obligations
Insider Transaction Report
Arthur J. Gallagher & Co.'s Controller, Richard C. Cary, disposed of 181 shares of common stock to cover tax obligations related to restricted stock unit vesting.
Summary
- Richard C. Cary, Controller and CAO of Arthur J. Gallagher & Co. (AJG), reported a transaction on March 15, 2026.
- The transaction involved the disposition of 181 shares of common stock at a price of $207.93 per share.
- These shares were withheld to cover applicable tax obligations arising from the vesting of restricted stock units.
- Following this transaction, Mr. Cary directly beneficially owns 50,486.789 shares of common stock.
- Additionally, Mr. Cary indirectly owns 418.699 shares through a Gallagher 401(k) plan account.
- Mr. Cary also holds various derivative securities, including non-qualified stock options with different exercise prices and expiration dates, notional stock units, and phantom stock awards.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, representing a routine tax-related disposition of shares following the vesting of restricted stock units, which is a standard part of executive compensation.
Positives
- The transaction indicates the vesting of previously granted restricted stock units, suggesting compensation for the Controller.
Negatives
- The disposition of shares, even for tax purposes, reduces the direct beneficial ownership of the insider.
Future Outlook
This filing does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that insider transactions like this Form 4 filing are routine disclosures required by the SEC, providing transparency into executive compensation and ownership changes rather than reflecting broader industry trends or company performance.
Stakeholder Impact
- Minimal impact on shareholders as this is a routine tax-related transaction by an executive.
- Indicates continued compensation and retention of a key executive.
Key Dates
| Date | Description |
|---|---|
| 03/12/2027 | Earliest exercisable date for some non-qualified stock options. |
| 03/16/2028 | Earliest exercisable date for some non-qualified stock options. |
| 03/15/2029 | Earliest exercisable date for some non-qualified stock options. |
| 03/15/2030 | Earliest exercisable date for some non-qualified stock options. |
| 03/15/2026 | Date of transaction where shares were disposed of for tax obligations. |
| 03/17/2026 | Signature date of the reporting person's power of attorney. |
Keywords
Arthur J. Gallagher & Co., AJG, Richard C. Cary, Controller, CAO, SEC Form 4, Insider Transaction, Stock Option, Restricted Stock Units, Tax Withholding, Beneficial Ownership
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