Arthur J. Gallagher (NYSE: AJG) General Counsel reports stock trades
Rhea-AI Filing Summary
Arthur J. Gallagher & Co.’s General Counsel reported several stock transactions in a Form 4. On 12/19/2025, the insider exercised 15,850 non-qualified stock options at $79.59 per share and acquired the same number of common shares. That same day, the insider sold 15,850 common shares at $255 per share and made a gift of 1,724 shares at no price.
After these transactions, the insider directly owned 77,825 common shares and held an additional 418.689 shares indirectly through a Gallagher 401(k) plan account. The filing also lists multiple outstanding non-qualified stock options and deferred equity interests, including phantom stock and notional stock units that each represent the right to receive shares of Gallagher common stock under company compensation plans.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-qualified Stock Option | 15,850 | $0.00 | -- |
| Exercise | Common Stock | 15,850 | $79.59 | $1.26M |
| Sale | Common Stock | 15,850 | $255.00 | $4.04M |
| Gift | Common Stock | 1,724 | $0.00 | -- |
| 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 | Notional Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- 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 in the year 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 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. 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.
FAQ
What insider activity did Arthur J. Gallagher (AJG) report in this Form 4?
The General Counsel of Arthur J. Gallagher & Co. reported exercising 15,850 stock options, selling 15,850 common shares, and gifting 1,724 shares, all dated 12/19/2025.
At what prices were the Arthur J. Gallagher (AJG) transactions executed?
The insider exercised non-qualified stock options for 15,850 shares at an exercise price of $79.59 per share and sold 15,850 shares at $255 per share. A separate gift of 1,724 shares was reported at $0.
What derivative or deferred equity awards does the AJG insider hold?
The filing lists multiple non-qualified stock options with various exercise prices and expiration dates, as well as phantom stock and notional stock units, each representing rights to receive shares of Gallagher common stock under company compensation and deferral plans.
What is phantom stock and notional stock in the AJG insider filing?
Each share of phantom stock and each notional stock unit represents a right to receive one share of Gallagher common stock. Certain phantom stock awards are under the company’s Age 62 Plan, and the notional stock units become payable after the insider’s separation from service.
How do the AJG stock options reported by the insider vest and become exercisable?
For several non-qualified stock option awards, one-third of each option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date, as described in the explanation of responses.