Form 4: Arthur J. Gallagher & Co. Executive Howell Douglas K. Reports Changes in Beneficial Ownership

VP & Chief Financial Officer Douglas K. Howell reports the distribution of shares and withholding of shares for taxes related to an Age 62 Plan award that vested earlier in the year.

Summary

• Douglas K. Howell, VP & Chief Financial Officer of Arthur J. Gallagher & Co., filed a Form 4 on May 6, 2024, reporting changes in beneficial ownership.
• On May 2, 2024, Howell acquired 4,687.984 shares of common stock and disposed of 1,966.984 shares to cover taxes at a price of $238.54 per share.
• These transactions relate to the vesting of an Age 62 Plan award during a quarterly trading blackout period.
• Following the reported transactions, Howell directly owns 96,951.5662 shares of common stock.
• Howell also indirectly owns 3,165 shares through a spouse and 367.575 shares through a Gallagher 401(k) plan account.
• Additionally, Howell directly owns 2,467.86 shares of phantom stock, each representing a right to receive one share of Gallagher common stock.

Sentiment

Score: 5

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

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• Similar filings are made by executives at comparable companies like Marsh & McLennan Companies (MMC) and Aon plc (AON) when they engage in transactions involving their company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock transactions.
• It assures stakeholders that transactions are being reported in compliance with regulations.

Key Dates