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

Thomas Joseph Gallagher, a Vice President at Arthur J. Gallagher & Co., reports transactions involving common stock and phantom stock, including tax payments related to vested awards.

Summary

• Thomas Joseph Gallagher, a Vice President at Arthur J. Gallagher & Co., filed a Form 4 detailing changes in beneficial ownership.
• On April 29, 2024, Gallagher engaged in transactions involving common stock, including the disposition of 199.268 shares to cover tax obligations at a price of $232.91 per share.
• These transactions relate to the payment of applicable taxes on a vested award under the Age 62 Plan.
• Following the reported transactions, Gallagher directly owns 328,899.777 shares of common stock.
• Gallagher also indirectly owns shares through a grantor retained annuity trust (62,295 shares), an irrevocable trust (66,709 shares), his wife (32,428 shares), his wife as trustee (118,440 shares), and his Gallagher 401(k) plan account (367.585 shares).
• He also owns 15,541.801 shares of phantom stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, as required by SEC regulations. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine tax-related stock dispositions by an executive.

Key Dates