Gallagher (NYSE: AJG) VP gains shares through performance-based stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arthur J. Gallagher & Co. Vice President Scott R. Hudson reported compensation-related equity activity on March 15, 2026. He received 7,170 shares of restricted common stock from performance share units that were earned and vested, which then converted into common stock. 2,828 shares were withheld at $207.93 per share to cover taxes, and he now holds 90,262 common shares directly, along with additional stock options, notional stock units and phantom stock tied to Gallagher common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
14 transactions reported
Mixed
14 txns
Insider
Hudson Scott R
Role
Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (restricted) | 7,170 | $0.00 | -- |
| Exercise | Common Stock (restricted) | 7,170 | $0.00 | -- |
| Exercise | Common Stock | 7,170 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,828 | $207.93 | $588K |
| 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 | Phantom Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock (restricted) — 7,170 shares (Direct);
Common Stock — 93,090 shares (Direct);
Non-qualified Stock Option — 24,370 shares (Direct);
Notional Stock Units — 4,134.741 shares (Direct);
Phantom Stock — 3,764.121 shares (Direct);
Common Stock — 411.467 shares (Indirect, Gallagher 401(k) plan account)
Footnotes (1)
- Performance share units (awarded on March 15, 2023) earned and vested as of March 15, 2026. 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. Closing price of Gallagher common stock on February 28, 2025. 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. 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.
FAQ
What insider transactions did Arthur J. Gallagher (AJG) report for Scott R. Hudson?
Arthur J. Gallagher Vice President Scott R. Hudson received 7,170 restricted common shares from vested performance share units. These converted into common stock, with 2,828 shares withheld to cover taxes, and increased his directly held stake to 90,262 common shares plus plan-based awards.
Did the Arthur J. Gallagher (AJG) insider Form 4 involve an open-market stock sale?
The Form 4 shows no open-market sale by Scott R. Hudson. Instead, 2,828 shares were disposed of solely to satisfy tax obligations at $207.93 per share, which is a non-market, automatic withholding tied to the equity award vesting and conversion.
What was the size of the performance-based stock award reported by Arthur J. Gallagher (AJG)?
Scott R. Hudson received 7,170 shares of restricted common stock earned from performance share units awarded on March 15, 2023. Those units vested as of March 15, 2026 and converted into common shares, forming the core of the reported equity compensation event.
How were taxes handled on Scott R. Hudson’s Arthur J. Gallagher (AJG) stock award?
To satisfy tax obligations on the vested performance share units, 2,828 Gallagher common shares were withheld at $207.93 per share. This F-code disposition reflects tax withholding by the issuer, not an elective open-market sale by the executive.
What ongoing equity incentives does Scott R. Hudson hold at Arthur J. Gallagher (AJG)?
Beyond common shares, Scott R. Hudson holds multiple non-qualified stock options with exercise prices between $86.17 and $337.74, plus notional stock units and phantom stock. Each notional or phantom unit represents the right to receive one Gallagher common share in the future.