Form 4: Arthur J. Gallagher & Co. Executive J Patrick Gallagher Jr. Reports Stock Transactions
SEC Form 4 Filing
J Patrick Gallagher Jr., President & CEO of Arthur J. Gallagher & Co., reports the distribution and withholding of shares related to an Age 62 Plan award.
Summary
- On May 2, 2024, J Patrick Gallagher Jr., President & CEO of Arthur J. Gallagher & Co., engaged in transactions involving common stock and phantom stock.
- These transactions included the distribution of 11,719.966 shares of common stock and the withholding of 4,916.966 shares for taxes related to an Age 62 Plan award.
- Following these transactions, Gallagher directly owns 170,799.1857 shares of common stock.
- Gallagher also has indirect ownership through various trusts, a corporation, and a 401(k) plan.
- Additionally, Gallagher directly owns 135,457.196 shares of phantom 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 stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the executive's holdings, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 05/02/2024 | Date of stock transactions (distribution and withholding of shares). |
| 05/06/2024 | Date of signature on the Form 4 filing. |
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