Arthur J. Gallagher CAO Richard C. Cary Sells $618,000 in Company Stock
Arthur J. Gallagher CAO sells $618,000 in stock
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Richard C. Cary, the Chief Accounting Officer at Arthur J. Gallagher & Co., sold $618,000 worth of stock on June 2, 2026. Following the sale, he retains 47,819 shares and has several derivative holdings. The company is also expanding through acquisitions despite a lowered price target from Morgan Stanley.
- 01Richard C. Cary sold 3,000 shares at $206.00 each, totaling $618,000.
- 02Post-sale, Cary holds 47,819 shares directly and 418.699 shares indirectly via a 401(k) plan.
- 03Cary's derivative holdings include stock options for 7,405 shares with exercise prices between $86.17 and $177.09.
- 04Arthur J. Gallagher recently acquired Twin Elms, LLC, and McKee Risk Management, enhancing its market presence.
- 05Morgan Stanley adjusted its price target for Gallagher shares from $275 to $265, while maintaining an Overweight rating.
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On June 2, 2026, Richard C. Cary, the Chief Accounting Officer of Arthur J. Gallagher & Co. (NASDAQ: AJG), executed a stock sale worth $618,000, disposing of 3,000 shares at $206.00 each. Following this transaction, Cary retains 47,819.487 shares directly and an additional 418.699 shares indirectly through a Gallagher 401(k) plan. His derivative holdings comprise 7,405 stock options with exercise prices ranging from $86.17 to $177.09 and 1,018.466 notional stock units. The company has been active in expanding its portfolio, acquiring Twin Elms, LLC, and McKee Risk Management, as well as Gallagher Bassett's acquisition of Mays Brown Limited, a maritime law firm in London. Additionally, Morgan Stanley has revised its price target for Gallagher shares from $275 to $265, while keeping an Overweight rating, reflecting a cautious outlook on the company's financial performance amid its strategic growth initiatives.
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The stock sale and acquisitions indicate a strategic expansion that may influence stockholder confidence and market performance.
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