Form 4: Arthur J. Gallagher & Co. CEO Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO J. Patrick Gallagher Jr. reports changes in his beneficial ownership of Arthur J. Gallagher & Co. stock due to gift transactions.
Summary
- On June 4, 2024, J. Patrick Gallagher Jr., CEO of Arthur J. Gallagher & Co., reported changes in his beneficial ownership of the company's common stock.
- The changes involve gift transactions where 1,080 shares were disposed of from direct ownership and another 1,080 shares were disposed of from spousal ownership.
- Additionally, 480 shares were acquired through a trust.
- Following these transactions, Gallagher directly owns 157,010.2968 shares and indirectly owns shares through various entities including a spouse's trust (271,525), a trust for children (219,655), a spouse's trust (23,448), a corporation (255,965), an irrevocable trust (66,703), and the Gallagher 401(k) plan account (367.584).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the CEO's holdings, which is relevant to investors monitoring insider activity.
Stakeholder Impact
- Shareholders may be interested in tracking insider transactions as an indicator of management's confidence in the company.
- The filing provides transparency regarding the CEO's ownership stake.
Key Dates
| Date | Description |
|---|---|
| 06/04/2024 | Date of the reported transactions (gift of shares). |
| 06/06/2024 | Date of signature on the Form 4 filing. |
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