Arthur J. Gallagher (AJG) CFO reallocates into notional stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arthur J. Gallagher & Co. VP & Chief Financial Officer Douglas K. Howell reported a discretionary acquisition of 12,892.211 notional stock units tied to Gallagher common stock on February 10, 2026. These units were acquired by moving assets within the company’s Supplemental Savings and Thrift Plan into the Gallagher stock investment option.
Each notional stock unit represents a right to receive one share of common stock, with portions payable in shares in July 2026, 2028 and 2029 and after his separation from service. Following this transaction, Howell held 191,318.0546 notional stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
13 transactions reported
Mixed
13 txns
Insider
HOWELL DOUGLAS K
Role
VP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| I | Notional Stock Units | 12,892.211 | $212.58 | $2.74M |
| holding | Notional Stock Units | -- | -- | -- |
| 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 | Phantom Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Notional Stock Units — 191,318.055 shares (Direct);
Non-qualified Stock Option — 31,265 shares (Direct);
Phantom Stock — 4,285.923 shares (Direct);
Common Stock — 96,030.756 shares (Direct);
Common Stock — 3,165 shares (Indirect, By Spouse)
Footnotes (1)
- The reporting person has no voting or invesment power over these shares and disclaims beneficial ownership. Each notional stock unit represents a right to receive one share of Gallagher common stock. Portions of these notional stock units are payable to the reporting person in shares of common stock in July of 2026, 2028 and 2029 and following the reporting person's separation from service. The notional stock units become payable following the reporting person's separation from service with Gallagher. One-third of this stock option becomes exerciseable 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 exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date. 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 transaction did AJG CFO Douglas K. Howell report on February 10, 2026?
Douglas K. Howell reported acquiring 12,892.211 notional stock units on February 10, 2026. The units were obtained through a discretionary move of assets within Arthur J. Gallagher’s Supplemental Savings and Thrift Plan into the investment option representing Gallagher common stock.
What are the notional stock units reported by AJG’s CFO in this Form 4?
Each notional stock unit represents a right to receive one share of Arthur J. Gallagher common stock. Portions of these units are payable in shares in July 2026, 2028 and 2029 and after Douglas K. Howell’s separation from service, reflecting deferred equity-based compensation.
How many notional stock units did AJG CFO Douglas Howell hold after the reported transaction?
After the February 10, 2026 transaction, Douglas K. Howell beneficially owned 191,318.0546 notional stock units directly. This total reflects the newly acquired 12,892.211 units plus previously held units within the company’s nonqualified Supplemental Savings and Thrift Plan accounts.
Was the AJG CFO’s February 2026 notional stock unit transaction a market purchase or sale?
The filing describes the transaction as a discretionary move of assets within a company deferred compensation plan. Assets held in Arthur J. Gallagher’s Supplemental Savings and Thrift Plan were shifted into the investment option representing Gallagher common stock, rather than an open-market buy or sale.
How and when will the AJG CFO’s notional stock units be paid out?
Portions of the notional stock units are payable in Gallagher common stock in July 2026, 2028 and 2029, and the remaining amounts become payable following Douglas K. Howell’s separation from service, consistent with the company’s nonqualified deferred compensation plan terms.