Gallagher VP exercises 8,450 stock options
Arthur J. Gallagher & Co. vice president Vishal Jain exercised 8,450 non-qualified stock options on common stock at an exercise price of $79.59 per share.
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Rhea-AI Filing Summary
Arthur J. Gallagher & Co. vice president Vishal Jain exercised 8,450 non-qualified stock options on common stock at an exercise price of $79.59 per share. The exercise delivered 8,450 common shares, increasing his direct holdings to 67,311.69 shares before related tax handling.
Of these, 4,326 shares of common stock were withheld at $219.195 per share to cover applicable tax obligations and the exercise price for expiring options, leaving Jain with 62,985.69 directly held shares. He also continues to hold phantom stock and multiple non-qualified stock option grants and notional stock units that are each tied to Gallagher common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-qualified Stock Option | 8,450 | $0.00 | $0.00 |
| Exercise | Common Stock | 8,450 | $79.59 | $673K |
| Exercise Price or Tax Liability | Common Stock | 4,326 | $219.195 | $948K |
| holding | Phantom Stock | -- | -- | -- |
| holding | Non-qualified Stock Option | -- | -- | -- |
| holding | Non-qualified Stock Option | -- | -- | -- |
| holding | Non-qualified Stock Option | -- | -- | -- |
| holding | Non-qualified Stock Option | -- | -- | -- |
| holding | Non-qualified Stock Option | -- | -- | -- |
| holding | Non-qualified Stock Option | -- | -- | -- |
| holding | Non-qualified Stock Option | -- | -- | -- |
| holding | Notional Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (12)
- F1. Shares withheld to cover applicable tax obligations and the exercise price relating to the exercise of 7,410 expiring stock options.
- F2. Grant date of 3/14/2019.
- F3. One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F4. Each share of phantom stock represents a right to receive one share of Gallagher common stock.
- F5. These shares represent awards under the Age 62 Plan, a nonqualified deferred compensation plan of the Company, which have been deemed invested in Company common stock at the election of the reporting person. Participants vest in these awards when they attain age 62, or after a one-year period for participants who have attained age 61.
- F6. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F7. Grant date of 3/12/2020.
- F8. Closing price of Gallagher common stock on February 28, 2025.
- F9. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F10. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F11. Each notional stock unit represents a right to receive one share of Gallagher common stock.
- F12. The notional stock units become payable following the reporting person's separation from service with Gallagher.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Arthur J. Gallagher (AJG) vice president Vishal Jain report on this Form 4?
How many Arthur J. Gallagher (AJG) options did Vishal Jain exercise and at what price?
What are Vishal Jain’s direct common stock holdings in Arthur J. Gallagher (AJG) after these transactions?
What derivative and deferred units linked to Arthur J. Gallagher (AJG) does Vishal Jain still hold?
AI-generated analysis. How Rhea-AI works. Not financial advice.
