Form 4: Arthur J. Gallagher & Co. Executive Thomas Joseph Gallagher Reports Stock Transactions
SEC Filing Form 4
Vice President Thomas Joseph Gallagher reports acquisition and disposal of Arthur J. Gallagher & Co. stock, including restricted stock and performance share units, resulting in adjusted holdings.
Summary
- Thomas Joseph Gallagher, a Vice President at Arthur J. Gallagher & Co., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On March 16, 2024, Gallagher acquired 11,970 shares of common stock through the vesting of performance share units.
- On the same day, he disposed of 11,970 shares of restricted common stock.
- Gallagher also disposed of 5,180 shares of common stock at a price of $253.17 per share.
- Following these transactions, Gallagher directly owns 329,099.045 shares of common stock.
- He also has indirect ownership through various trusts and a 401(k) plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports routine stock transactions related to executive compensation.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential insider trading activity and assess management's confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 03/16/2021 | Date performance share units were awarded. |
| 03/16/2024 | Date of stock transactions (acquisition and disposal). |
| 03/19/2024 | Date of Form 4 filing. |
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