Form 4: Arthur J. Gallagher & Co. Director Acquires Notional Stock Units Through Deferral Plan

Director Christopher C. Miskel acquired notional stock units of Arthur J. Gallagher & Co. through a deferral plan, which will be payable in January 2036.

Summary

• Christopher C. Miskel, a director at Arthur J. Gallagher & Co., acquired 120.1 notional stock units.
• These units were acquired on December 1, 2024, as part of the company's Director Deferral Plan.
• The notional stock units represent a right to receive one share of Gallagher common stock each.
• The units will become payable in January 2036, as per Miskel's election.
• The acquisition is a result of Miskel deferring his annual cash retainer into deferred share units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to slightly positive as it aligns director interests with long-term shareholder value.

Positives

• The acquisition of notional stock units demonstrates the director's long-term commitment to the company.
• The deferral plan aligns the director's interests with those of long-term shareholders.

Future Outlook

The notional stock units will be converted to common stock in January 2036.

Industry Context

This is a routine transaction related to director compensation and is common practice in publicly traded companies.

Comparison to Industry Standards

• Director deferral plans are a common practice among publicly traded companies to align director compensation with long-term shareholder value.
• Many companies offer similar plans where directors can defer cash compensation into stock units or options.
• The specific terms of deferral, such as the payout date in 2036, are typical and vary by company.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with long-term value creation.

Key Dates

Keywords

notional stock units, director deferral plan, insider trading, Arthur J. Gallagher & Co., AJG, stock acquisition, deferred compensation