Arthur J. Gallagher: Christopher E. Mead sells 7,590 shares
The vice president's reported holdings included unexercised options, phantom stock and notional stock units alongside the exercised options.
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Form Type
4
Rhea-AI Filing Summary
Arthur J. Gallagher & Co. (AJG) vice president Christopher E. Mead exercised options covering 7,590 shares at an exercise price of $86.17 per share on November 2, 2026, acquired 7,590 common shares and sold 7,590 shares at $279.72 per share. No Rule 10b5-1 plan is reported. His reported positions also included options covering 12,344 shares at a $228.20 exercise price, expiring March 1, 2033, as well as phantom stock and notional stock units.
Insider Trade Summary
Exercise and Sale: 7,590 shares ($1.47M approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Mead Christopher E
Role
VICE PRESIDENT
Sold
7,590 shs ($2.12M)
Approx. gross sale proceeds
$2.12M
Approx. exercise cost
$654K
Approx. pre-tax spread
$1.47M
Share of Position Sold
25.4%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-qualified Stock Option F1 | 7,590 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,590 | $86.17 | $654K |
| Sale | Common Stock | 7,590 | $279.72 | $2.12M |
| Holding | Phantom Stock F2, F3 | -- | -- | -- |
| Holding | Non-qualified Stock Option F4 | -- | -- | -- |
| Holding | Non-qualified Stock Option F1 | -- | -- | -- |
| Holding | Non-qualified Stock Option F1 | -- | -- | -- |
| Holding | Non-qualified Stock Option F5, F1 | -- | -- | -- |
| Holding | Non-qualified Stock Option F6 | -- | -- | -- |
| Holding | Notional Stock Units F7, F8 | -- | -- | -- |
| Holding | Non-qualified Stock Option F9 | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-qualified Stock Option — 55,130 contracts (Direct);
Common Stock — 22,286.7567 shares (Direct);
Phantom Stock — 21,943.184 contracts (Direct);
Notional Stock Units — 1,982.8313 contracts (Direct);
Common Stock — 491.098 shares (Indirect, Gallagher 401(k) plan account)
Holdings Before and After:
Non-qualified Stock Option, 62,720 to 55,130 contracts (Direct);
Common Stock, 22,286.7567 to 22,286.7567 shares (Direct)
Footnotes (9)
- F1. One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F2. Each share of phantom stock represents a right to receive one share of Gallagher common stock.
- F3. 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.
- F4. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F5. Closing price of Gallagher common stock on February 28, 2025.
- F6. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F7. Each notional stock unit represents a right to receive one share of Gallagher common stock.
- F8. The notional stock units become payable in July 2026 and following the reporting person's separation from service with Gallagher.
- F9. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
Key Figures
Options exercised: 7,590 shares
Option exercise price: $86.17 per share
Common shares acquired: 7,590 shares
+5 more
8 metrics
Options exercised
7,590 shares
November 2, 2026
Option exercise price
$86.17 per share
Options exercised on November 2, 2026
Common shares acquired
7,590 shares
November 2, 2026
Common shares sold
7,590 shares
November 2, 2026
Sale price
$279.72 per share
Common shares sold on November 2, 2026
Reported option shares
12,344 shares
Exercise price of $228.20 per share; expires March 1, 2033
Reported option exercise price
$228.20 per share
Option covering 12,344 shares; expires March 1, 2033
Phantom stock underlying shares
21,943.184 shares
Reported position as of November 2, 2026
Key Terms
Non-qualified Stock Option, phantom stock, Age 62 Plan, Notional Stock Units
4 terms
Non-qualified Stock Option financial
"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
"Each share of phantom stock represents a right to receive one share"
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.
Age 62 Plan financial
"awards under the Age 62 Plan"
Notional Stock Units financial
"Each notional stock unit represents a right to receive one share"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What options did Christopher E. Mead report holding?
Reported options covered 12,344 shares at $228.20, expiring March 1, 2033; 11,725 at $127.90, expiring March 16, 2028; 8,420 at $158.56, expiring March 15, 2029; 8,264 at $337.74, expiring March 1, 2032; 7,368 at $243.54, expiring March 1, 2031; and 7,009 at $177.09, expiring March 15, 2030.
When do Christopher E. Mead's reported notional stock units become payable?
The notional stock units become payable in July 2026 and following Christopher E. Mead's separation from service with Gallagher.
How do the reported AJG phantom-stock awards vest?
The awards are under the Age 62 Plan. Participants vest when they attain age 62, or after a one-year period for participants who have attained age 61.
AI-generated analysis. How Rhea-AI works. Not financial advice.
