Gallagher (NYSE: AJG) COO gifts shares and shifts $310K into stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arthur J. Gallagher & Co. Chief Operating Officer Patrick Murphy Gallagher reported small, non-market gifts and deferred compensation moves rather than open-market trades. He made two bona fide gifts totaling 1,408 shares of common stock, split between his direct holdings and shares held by his spouse as trustee, at no sale price. He also executed a discretionary transaction moving $310,357.10 of assets in a company supplemental savings plan into an investment option tied to Gallagher common stock, creating 1,444.731 notional stock units at $214.82 each, with 2,351.803 units shown as of that date. The notional and phantom stock units and multiple non-qualified stock option grants, with expirations running through 2033, represent compensation and long-term incentives payable or exercisable in the future, while he continues to hold meaningful direct and indirect common stock positions through personal accounts, a 401(k) plan and various family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,408 shares gifted
Mixed
17 txns
Insider
Gallagher Patrick Murphy
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 704 | $0.00 | -- |
| Gift | Common Stock | 704 | $0.00 | -- |
| I | Notional Stock Units | 1,444.731 | $214.82 | $310K |
| holding | Non-qualified Stock Option | -- | -- | -- |
| 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 | Phantom Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 14,071.664 shares (Direct);
Common Stock — 11,264 shares (Indirect, By Spouse as Trustee);
Notional Stock Units — 2,351.803 shares (Direct);
Non-qualified Stock Option — 17,775 shares (Direct);
Phantom Stock — 17,660.851 shares (Direct)
Footnotes (1)
- Shares held in trusts, for the benefit of the reporting person's children, of which his wife is sole trustee. Shares held in a revocable trust and an irrevocable trust of which the reporting person's spouse is sole Trustee and as to which he disclaims beneficial ownership Shares held in trust for the benefit of the reporting person's children, of which he is a trustee. Each notional stock unit represents a right to receive one share of Gallagher common stock. The reporting person moved $310,357.10 in assets that he holds in the company's Supplemental Savings and Thrift Plan, a nonqualified deferred compensation plan, into the investment option representing Gallagher common stock, which is a discretionary transaction by the reporting person. The notional stock units become payable following the reporting person's separation from service with Gallagher. The notional stock units become payable following the reporting person's separation from service with Gallagher. One-third of this stock option becomes exercisable 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. Closing price of Gallagher common stock on February 28, 2025. 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. Grant date of 3/16/2021. Grant date of 3/12/2020. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date. Grant date of 3/15/2022. These shares represent awards under the Deferred Cash Participation Plan, a nonqualified deferred compensation plan of the Company, which have been deemed invested in Company common stock at the election of the participant. These awards are payable in a lump sum on the six-month anniversary of the reporting person's separation from service.
FAQ
What did Arthur J. Gallagher & Co. (AJG) COO report in this Form 4?
The COO reported non-market activity: two bona fide gifts totaling 1,408 common shares and a discretionary move of deferred compensation into notional stock units, rather than any open-market stock purchases or sales.
What is the $310,357.10 discretionary transaction reported by AJG’s COO?
He moved $310,357.10 of assets within a company Supplemental Savings and Thrift Plan into an investment option tied to Gallagher common stock, creating 1,444.731 notional stock units valued at $214.82 per unit inside the deferred plan.
What ongoing equity incentives does the AJG COO hold after these transactions?
He continues to hold several non-qualified stock option awards on Gallagher common stock with exercise prices between $86.17 and $337.74 and expirations through 2033, plus phantom stock and other deferred awards tied to AJG shares as long-term incentives.