Arthur J. Gallagher (NYSE: AJG) CEO makes 14,698-share stock gift
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arthur J. Gallagher & Co. CEO J. Patrick Gallagher Jr. reported a Form 4 showing a bona fide gift of 14,698 shares of common stock, transferred at a reported price of $0.00 per share. Following the gift, he directly holds 109,416.9637 common shares, along with additional indirect holdings through various trusts, a 401(k) plan account, and his spouse. He also retains multiple non-qualified stock options with different exercise prices and expiration dates, plus phantom stock and notional stock units that each represent rights to receive one share of Gallagher common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,698 shares gifted
Mixed
16 txns
Insider
GALLAGHER J PATRICK JR
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 14,698 | $0.00 | -- |
| holding | Notional Stock Units | -- | -- | -- |
| 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 | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 109,416.964 shares (Direct, null);
Notional Stock Units — 153,788.107 shares (Direct, null);
Phantom Stock — 139,097.882 shares (Direct, null);
Non-qualified Stock Option — 76,975 shares (Direct, null);
Common Stock — 270,175 shares (Indirect, By Spouse)
Footnotes (1)
- Shares held in revocable trust of which my spouse is sole Trustee and as to which I disclaim beneficial ownership. Held in trust for benefit of children. Shares held in trust for the benefit of my children of which I am sole Trustee. Each notional stock unit represents a right to receive one share of Gallagher common stock. The notional stock units become payable following the reporting person's separation from service with Gallagher. Each share of phantom stock represents a right to receive one share of Gallagher common stock. 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. One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
Key Figures
Gifted shares: 14,698 shares
Direct common shares after gift: 109,416.9637 shares
401(k) plan holdings: 491.1420 shares
+5 more
8 metrics
Gifted shares
14,698 shares
Common Stock, bona fide gift (Code G)
Direct common shares after gift
109,416.9637 shares
Common Stock, direct ownership following transaction
401(k) plan holdings
491.1420 shares
Common Stock, Gallagher 401(k) plan account
Spouse holdings
270,175.0000 shares
Common Stock, held by spouse
Largest option position
76,975.0000 shares
Non-qualified Stock Option, $127.90 exercise price, expires 2028-03-16
Highest option strike
$337.7400 per share
Non-qualified Stock Option, 22,727 underlying shares, expires 2032-03-01
Phantom stock units
139,097.8820 units
Each unit equals one share of common stock
Notional stock units
153,788.1070 units
Each unit equals one share; payable after separation from service
Key Terms
bona fide gift, Non-qualified Stock Option, Phantom Stock, Notional Stock Units, +1 more
5 terms
bona fide gift financial
"transaction_code_description: Bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Non-qualified Stock Option financial
"security_title: Non-qualified Stock Option"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
Phantom Stock financial
"security_title: Phantom Stock"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Notional Stock Units financial
"security_title: Notional Stock Units"
nonqualified deferred compensation plan financial
"awards under the Age 62 Plan, a nonqualified deferred compensation plan"
FAQ
What insider transaction did Arthur J. Gallagher (AJG) report on this Form 4?
Arthur J. Gallagher & Co. CEO J. Patrick Gallagher Jr. reported a bona fide gift of 14,698 shares of common stock. The shares were transferred at a stated price of $0.00 per share as a non-market transaction.
What indirect holdings in Arthur J. Gallagher (AJG) stock are shown for the CEO?
The filing lists indirect holdings in common stock through a Gallagher 401(k) plan account, a spouse’s trust, irrevocable trusts for children, another trust, a corporation, and shares held by his spouse. Each entry shows separate share totals and nature of ownership.
What stock options for Arthur J. Gallagher (AJG) does the CEO retain?
The Form 4 shows several non-qualified stock options on Arthur J. Gallagher common stock, with exercise prices including $337.74, $243.54, $228.20, $177.09, $158.56, $127.90 and $86.17, and expiration dates ranging from 2027 to 2033.
What are the phantom stock and notional stock units reported for Arthur J. Gallagher (AJG)?
The CEO holds 139,097.882 phantom stock units and 153,788.107 notional stock units. Footnotes state that each unit represents the right to receive one share of Arthur J. Gallagher common stock under company nonqualified deferred compensation arrangements.
What does the Form 4 say about the CEO’s deferred compensation in AJG stock?
The filing explains that some awards under the Age 62 Plan, a nonqualified deferred compensation plan, are deemed invested in Arthur J. Gallagher common stock. Participants vest at age 62 or after one year if already age 61, according to the footnote.