Form 4: Arthur J. Gallagher & Co. Executive Jain Vishal Reports Stock Option Exercise and Resultant Share Ownership
SEC Form 4 Filing
Vice President Jain Vishal reports exercising stock options and subsequent share ownership in Arthur J. Gallagher & Co.
Summary
- On March 11, 2024, Jain Vishal, a Vice President at Arthur J. Gallagher & Co., exercised non-qualified stock options to acquire 8,400 shares of common stock at a price of $56.86 per share.
- Following the transaction, Jain Vishal directly owns 43,533 shares of common stock and indirectly owns 367.555 shares through the Gallagher 401(k) plan account.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the increase in outstanding shares, but it's unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 03/16/2017 | Grant date of the non-qualified stock options. |
| 03/11/2024 | Date of stock option exercise and transaction. |
| 03/13/2024 | Date of signature by power of attorney. |
| 03/16/2024 | First date the non-qualified stock options became exercisable. |
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