Form 4: Arthur J. Gallagher & Co. Executive Howell Douglas K. Reports Stock Transactions

VP & Chief Financial Officer of Arthur J. Gallagher & Co., Douglas K. Howell, reports transactions involving common stock and phantom stock related to tax obligations on a vested award.

Summary

• Douglas K. Howell, VP & Chief Financial Officer of Arthur J. Gallagher & Co., filed a Form 4 on May 01, 2024.
• The report details transactions on April 29, 2024, involving common stock and phantom stock.
• These transactions relate to the payment of applicable taxes on a vested award under the Age 62 Plan.
• Howell acquired 199.268 shares of common stock and disposed of 199.268 shares to cover tax obligations.
• Following the reported transactions, Howell directly owns 94,031.2982 shares of common stock.
• He also indirectly owns 3,165 shares through a spouse and 367.575 shares through a Gallagher 401(k) plan account.
• Additionally, Howell holds 7,155.844 shares of phantom stock.
• The phantom stock represents a right to receive one share of Gallagher common stock and vests under the Age 62 Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions for tax purposes, indicating a neutral sentiment.

Management Comments

• The transactions in this report relate solely to the payment of applicable taxes, in accordance with a schedule determined earlier in the year, with respect to a vested award under the Age 62 Plan.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that a company executive is managing their equity compensation and tax obligations.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they relate to tax obligations and do not represent a significant change in ownership.

Key Dates