Form 4: Arthur J. Gallagher & Co. CEO Reports Stock Transfers
SEC Form 4 Filing
J. Patrick Gallagher Jr., CEO of Arthur J. Gallagher & Co., reported the disposition of shares through gifting on May 24, 2024.
Summary
- On May 24, 2024, J. Patrick Gallagher Jr., CEO of Arthur J. Gallagher & Co., reported changes in his beneficial ownership of the company's stock.
- Gallagher disposed of 11,272 shares of common stock through gifting.
- The reported transaction did not involve any monetary exchange, with the price per share listed as $0.
- Following the transaction, Gallagher directly owns 159,527.1857 shares.
- He also has indirect ownership through his spouse (271,057 shares), a spouse's trust (23,448 shares), a corporation (255,965 shares), an irrevocable trust (66,703 shares), a trust (219,175 shares), and the Gallagher 401(k) plan account (367.584 shares).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 05/24/2024 | Date of stock transaction (gifting of shares). |
| 05/28/2024 | Date of signature by power of attorney. |
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