Arthur J. Gallagher (NYSE: AJG) CEO equity award vests; shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arthur J. Gallagher & Co. CEO J. Patrick Gallagher Jr. reported equity compensation activity involving 45,048 shares of common stock on 2026-03-15. Performance share units awarded on 2023-03-15 were earned and vested, converting into common shares.
Of these shares, 19,168 were withheld at $207.93 per share to cover tax obligations, a non-market disposition, leaving 120,984.9335 common shares held directly. He also maintains additional indirect holdings through various trusts, a corporation, his spouse, and a 401(k) plan, along with substantial notional stock units, phantom stock, and stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary
18 transactions reported
Mixed
18 txns
Insider
GALLAGHER J PATRICK JR
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (restricted) | 45,048 | $0.00 | -- |
| Exercise | Common Stock (restricted) | 45,048 | $0.00 | -- |
| Exercise | Common Stock | 45,048 | $0.00 | -- |
| Tax Withholding | Common Stock | 19,168 | $207.93 | $3.99M |
| 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 | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock (restricted) — 45,048 shares (Direct);
Common Stock — 140,152.934 shares (Direct);
Notional Stock Units — 153,788.107 shares (Direct);
Phantom Stock — 143,990.15 shares (Direct);
Non-qualified Stock Option — 76,975 shares (Direct);
Common Stock — 5,328 shares (Indirect, By Spouse's Trust)
Footnotes (1)
- Performance share units (awarded on March 15, 2023) earned and vested as of March 15, 2026. Shares held in trust for the benefit of my children of which I am sole Trustee. 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. 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.
FAQ
What did Arthur J. Gallagher (AJG) CEO J. Patrick Gallagher Jr. report in this Form 4?
He reported that 45,048 performance share units earned on prior awards vested into common stock. A portion of these shares was then withheld to satisfy tax obligations, while the remaining shares increased his direct equity ownership in Arthur J. Gallagher & Co.
What are the CEO’s direct Arthur J. Gallagher (AJG) common stock holdings after these transactions?
After the vesting and tax withholding, the CEO directly holds 120,984.9335 shares of Arthur J. Gallagher common stock. This reflects his post-transaction direct position and excludes additional indirect holdings held via trusts, a corporation, a spouse, and a 401(k) plan account.
What derivative or deferred equity awards does the Arthur J. Gallagher (AJG) CEO still hold?
He retains notional stock units tied to 153,788.1070 underlying shares and phantom stock tied to 143,990.1500 shares, plus several non-qualified stock option grants. These options have exercise prices between $127.90 and $337.74 and expirations ranging from 2028 to 2033.