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 exercise of stock options and sale of common stock on May 16, 2024.

Summary

• Richard C. Cary, Controller and CAO of Arthur J. Gallagher & Co., filed a Form 4 on May 20, 2024, reporting transactions in the company's common stock.
• On May 16, 2024, Cary exercised non-qualified stock options to acquire 999 shares at $79.59, 1,220 shares at $86.17, and 1,176 shares at $127.90.
• Also on May 16, 2024, Cary sold 3,395 shares of common stock at $254.
• Following these transactions, Cary directly owns 38,313.75 shares of common stock and indirectly owns 367.582 shares through a Gallagher 401(k) plan account.
• Cary also holds derivative securities, including 1,219 non-qualified stock options exercisable at $86.17 and 2,349 non-qualified stock options exercisable at $127.90.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors monitor these filings for insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The transactions are typical for executives who receive stock options as part of their compensation.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership.
• The impact on employees, customers, suppliers, and creditors is likely negligible.

Key Dates