AJ Gallagher COO exercises options, gets new grant
Arthur J. Gallagher & Co. Chief Operating Officer Patrick Murphy Gallagher reported equity compensation activity.
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Rhea-AI Filing Summary
Arthur J. Gallagher & Co. Chief Operating Officer Patrick Murphy Gallagher reported equity compensation activity. On March 3, 2026, he exercised 5,000 non-qualified stock options, acquiring 5,000 common shares at an exercise price of $79.59 per share. After this exercise, his directly held common stock position is 36,442.6637 shares.
On March 1, 2026, he also received a grant of 17,775 non-qualified stock options. The filing notes additional interests through phantom stock and nonqualified deferred compensation plans that are deemed invested in company stock, as well as shares held in various family and children’s trusts where some beneficial ownership is disclaimed.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-qualified Stock Option | 5,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,000 | $79.59 | $398K |
| Grant/Award | Non-qualified Stock Option | 17,775 | $0.00 | $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 | Phantom Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (15)
- F1. Shares held in trusts, for the benefit of the reporting person's children, of which his wife is sole trustee.
- F2. 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
- F3. Shares held in trust for the benefit of the reporting person's children, of which he is a trustee.
- F4. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F5. One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F6. Grant date of 3/14/2019.
- F7. Each share of phantom stock represents a right to receive one share of Gallagher common stock.
- F8. 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.
- F9. Closing price of Gallagher common stock on February 28, 2025.
- F10. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F11. Grant date of 3/16/2021.
- F12. Grant date of 3/12/2020.
- F13. One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F14. Grant date of 3/15/2022.
- F15. 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
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What insider transactions did AJG COO Patrick Murphy Gallagher report on this Form 4?
What new equity award did AJG grant to its COO in this filing?
How is phantom stock described for Arthur J. Gallagher & Co.’s COO in this Form 4?
What is the overall direction of the insider activity reported by AJG’s COO?
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