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

J. Patrick Gallagher Jr., President & CEO of Arthur J. Gallagher & Co., reports transactions involving common stock and phantom stock related to tax obligations on vested awards.

Summary

• On April 29, 2024, J. Patrick Gallagher Jr., President & CEO of Arthur J. Gallagher & Co., engaged in transactions involving the company's common stock and phantom stock.
• These transactions included the acquisition of 498.17 shares of common stock through the vesting of an award and the disposition of 498.17 shares to cover tax obligations.
• The transactions were related to the payment of applicable taxes on a vested award under the Age 62 Plan, a nonqualified deferred compensation plan.
• Following these transactions, Gallagher directly owns 163,498.0157 shares of common stock.
• Gallagher also indirectly owns shares through various trusts, a corporation, his spouse, and the Gallagher 401(k) plan account, totaling 1,404,390 shares.
• He also directly owns 147,177.162 shares of phantom stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider activity.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they are related to tax obligations on vested awards.

Key Dates