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

Richard C. Cary, Controller and CAO of Arthur J. Gallagher & Co., reports a transaction involving 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 detailing changes in beneficial ownership.
• The reported transaction involves phantom stock units acquired under the Age 62 Plan, a nonqualified deferred compensation plan.
• On March 10, 2025, Cary acquired 466.956 phantom stock units, each representing 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 common stock at the time of the transaction was $321.23.
• Following the reported transaction, Cary directly owns 1,247.978 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reports a routine transaction related to executive compensation.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity within a deferred compensation plan, which is a common benefit offered by large corporations.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it relates to internal executive compensation arrangements.

Key Dates