Form 4: Arthur J. Gallagher & Co. Executive Reports Phantom Stock Transaction

Richard C. Cary, Controller and CAO of Arthur J. Gallagher & Co., reports acquisition of phantom stock units under the company's deferred compensation plan.

Summary

• Richard C. Cary, Controller and CAO of Arthur J. Gallagher & Co. (AJG), filed a Form 4 on March 5, 2024, reporting a transaction involving phantom stock.
• On March 4, 2024, Cary acquired 616.95 units of phantom stock under the Age 62 Plan, a nonqualified deferred compensation plan.
• Each phantom stock unit represents the right to receive one share of Gallagher common stock.
• These shares are deemed invested in company common stock at the election of the reporting person.
• The price of the phantom stock was $243.13.
• Following the reported transaction, Cary directly owns 74,204.215 shares of Gallagher common stock.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates an executive's participation in a deferred compensation plan, which is a common practice in the industry.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock units and deferred compensation.

Key Dates