Arthur J. Gallagher (AJG) director adds stock through deferred fee plan
Rhea-AI Filing Summary
Arthur J. Gallagher & Co. director David S. Johnson reported acquiring 236.536 shares of common stock valued at $206.10 per share. This reflects his prior election under the Company’s Director Deferral Plan to defer his annual cash retainer into deferred share units payable in stock. Following this compensation-related grant, he holds 47,386.554 shares of common stock directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 236.536 | $206.10 | $49K |
Footnotes (1)
- F1. This acquisition resulted from the reporting person's election in a prior year (pursuant to the Company's Director Deferral Plan) to defer the reporting person's annual cash retainer, which the Company pays on a quarterly basis, into deferred share units that will be distributed in the form of the Company's common stock.
Key Figures
Key Terms
Director Deferral Plan financial
annual cash retainer financial
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FAQ
What did Arthur J. Gallagher (AJG) director David S. Johnson report in this Form 4?
Director David S. Johnson reported acquiring 236.536 shares of Arthur J. Gallagher & Co. common stock. The shares were issued as part of his director compensation through a deferral election, rather than an open-market stock purchase.
What is the Arthur J. Gallagher Director Deferral Plan mentioned in the Form 4?
The Director Deferral Plan allows directors to elect to defer their annual cash retainer into deferred share units. These units are later distributed in the form of Arthur J. Gallagher & Co. common stock, as shown in this reported acquisition.
Is David S. Johnson’s AJG Form 4 transaction an open-market stock purchase?
No, the transaction is not an open-market purchase. It represents a grant or acquisition of shares resulting from a prior election to defer his annual cash retainer into deferred share units, which are settled in common stock.