Form 4: Arthur J. Gallagher & Co. Executive Hudson Settles Tax Obligations on Vested Stock Awards

Scott R. Hudson, a Vice President at Arthur J. Gallagher & Co., reports transactions related to the settlement of tax obligations on vested phantom stock awards.

Summary

• Scott R. Hudson, a Vice President of Arthur J. Gallagher & Co., filed a Form 4 detailing changes in beneficial ownership.
• On April 29, 2024, Hudson settled tax obligations related to vested awards under the Age 62 Plan, a nonqualified deferred compensation plan.
• This involved the disposition of 166.057 shares of common stock to cover taxes at a price of $232.91 per share.
• Hudson also acquired 166.057 shares of common stock through the vesting of phantom stock.
• Following these transactions, Hudson directly owns 101,296.943 shares of common stock and indirectly owns 287.612 shares through the Gallagher 401(k) plan account.
• Hudson also holds 5,953.23 derivative securities in the form of phantom stock, each representing the right to receive one share of Gallagher common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.

Key Dates