Form 4: Arthur J. Gallagher & Co. Executive Cavaness Reports Stock Transactions

Vice President Joel D Cavaness of Arthur J. Gallagher & Co. reports transactions involving common stock and phantom stock related to a deferred compensation plan.

Summary

• On April 29, 2024, Joel D Cavaness, a Vice President at Arthur J. Gallagher & Co., engaged in transactions involving the company's common stock.
• These transactions included the acquisition of 132.845 shares of common stock through the vesting of phantom stock and the disposition of 132.845 shares to cover tax obligations.
• The price per share for the disposition was $232.91.
• Following these transactions, Cavaness directly owns 159,581.154 shares of common stock and indirectly owns 2,022.63 shares through a spouse and 367.575 shares through a Gallagher 401(k) plan account.
• Cavaness also holds 95,616.591 shares of phantom stock.
• The transactions relate to the payment of taxes on a vested award under the Age 62 Plan, a nonqualified deferred compensation plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting insider transactions and provide transparency to the market regarding the buying and selling activities of company executives.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they represent routine activity related to executive compensation.

Key Dates