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

Walter D. Bay, General Counsel of Arthur J. Gallagher & Co., reports the vesting and distribution of common stock from a deferred compensation plan, along with the withholding of shares for tax obligations.

Summary

• On February 5, 2025, Walter D. Bay, General Counsel of Arthur J. Gallagher & Co., engaged in transactions involving the company's common stock.
• These transactions included the vesting and distribution of 94,731.841 shares from the Age 62 Plan, a nonqualified deferred compensation plan.
• Additionally, 40,612.841 shares were withheld to cover applicable taxes at a price of $316.3 per share.
• Following these transactions, Bay directly owns 84,172 shares of common stock and indirectly owns 367.542 shares through the Gallagher 401(k) plan account.
• Bay also holds 2,069.398 shares of phantom stock, each representing the right to receive one share of Gallagher common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reports routine transactions related to executive compensation and tax obligations.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation and tax-related stock movements.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders as they relate to executive compensation and tax obligations.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Arthur J. Gallagher & Co., Walter D. Bay, AJG, Age 62 Plan, Deferred Compensation, Tax Withholding, Phantom Stock