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

Mark H. Bloom, a Vice President at Arthur J. Gallagher & Co., reports a transaction involving phantom stock units under the company's deferred compensation plan.

Summary

• On March 10, 2025, Mark H. Bloom, a Vice President of Arthur J. Gallagher & Co., reported a transaction involving phantom stock.
• Bloom acquired 778.259 phantom stock units, which are linked to Gallagher common stock, under the Age 62 Plan, a nonqualified deferred compensation plan.
• The price of the phantom stock was $321.23 per unit.
• Following the transaction, Bloom directly owns 5,667.421 derivative securities.
• These shares represent awards under the Age 62 Plan, a nonqualified deferred compensation plan of the Company, which have been deemed invested in Company common stock at the election of the reporting person.
• Participants vest in these awards when they attain age 62, or after a one-year period for participants who have attained age 61.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Positives

• The acquisition of phantom stock units by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.
• The Age 62 Plan provides a deferred compensation opportunity for employees, potentially aiding in retention.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Executive compensation, including phantom stock awards, is a common practice in the insurance brokerage industry to align management's interests with those of shareholders. This filing provides transparency into the compensation structure of a key executive at Arthur J. Gallagher & Co.

Comparison to Industry Standards

• Phantom stock plans are a fairly common form of executive compensation in publicly traded companies, including those in the insurance brokerage industry.
• Companies like Marsh & McLennan and Aon also utilize various forms of equity-based compensation for their executives.
• The specific terms and conditions of these plans can vary significantly between companies.

Stakeholder Impact

• Shareholders may be interested in the details of executive compensation as it relates to company performance.
• Employees may be interested in the details of the Age 62 Plan.

Key Dates