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

Richard C. Cary, Controller and CAO of Arthur J. Gallagher & Co., reports the distribution of common stock from a deferred compensation plan and withholding of shares for tax obligations.

Summary

• Richard C. Cary, a Controller and CAO at Arthur J. Gallagher & Co. (AJG), filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On November 5, 2024, Cary received 74,087.263 shares of common stock from the Age 62 Plan, a nonqualified deferred compensation plan.
• Also on November 5, 2024, 32,752.264 shares were withheld to cover applicable taxes at a price of $281.93 per share.
• Following these transactions, Cary directly owns 79,773.749 shares of common stock and indirectly owns 367.582 shares through a Gallagher 401(k) plan account.
• Cary also owns 619.705 shares of phantom stock after the reported transactions.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include deferred compensation plans and stock awards to align management interests with shareholder value.
• Tax withholding on stock distributions is a standard practice to cover income tax obligations.
• Form 4 filings are a standard regulatory requirement for corporate insiders to report changes in beneficial ownership.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.

Key Dates