Arthur J. Gallagher (NYSE: AJG) VP gets shares, covers taxes with stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arthur J. Gallagher & Co. vice president Christopher E. Mead reported routine equity compensation and related tax share withholding. On March 15, 2026, performance share units awarded on March 15, 2023 were earned and vested, resulting in 5,258 shares of restricted common stock that were then converted into common shares. To cover tax obligations from this vesting, the company withheld 2,019 shares on March 15 and a further 432 shares on March 16 at a price of $207.93 per share. After these transactions, Mead directly holds 22,112.7322 shares of common stock, plus 491.098 shares held indirectly in a Gallagher 401(k) plan account. He also retains significant equity-linked interests, including 21,803.927 phantom stock units, various non-qualified stock options over blocks of common shares with exercise prices between $86.17 and $337.74, and 1,982.8313 notional stock units that become payable after his separation from service.
Positive
- None.
Negative
- None.
Insider Trade Summary
15 transactions reported
Mixed
15 txns
Insider
Mead Christopher E
Role
VICE PRESIDENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 432 | $207.93 | $90K |
| Grant/Award | Common Stock (restricted) | 5,258 | $0.00 | -- |
| Exercise | Common Stock (restricted) | 5,258 | $0.00 | -- |
| Exercise | Common Stock | 5,258 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,019 | $207.93 | $420K |
| 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 | Non-qualified Stock Option | -- | -- | -- |
| holding | Notional Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 22,112.732 shares (Direct);
Common Stock (restricted) — 5,258 shares (Direct);
Phantom Stock — 21,803.927 shares (Direct);
Non-qualified Stock Option — 12,344 shares (Direct);
Notional Stock Units — 1,982.831 shares (Direct);
Common Stock — 491.098 shares (Indirect, Gallagher 401(k) plan account)
Footnotes (1)
- Performance share units (awarded on March 15, 2023) earned and vested as of March 15, 2026. Shares withheld to cover applicable tax obligations relating to the vesting of restricted stock units. 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 exercisable 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. Closing price of Gallagher common stock on February 28, 2025. 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. 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 transactions did AJG executive Christopher E. Mead report on this Form 4?
Christopher E. Mead reported vesting of performance share units into 5,258 restricted shares, their conversion into common stock, and share withholdings to cover taxes. These are compensation and tax-related events, not open-market purchases or sales of Arthur J. Gallagher & Co. stock.
What equity awards and derivatives linked to AJG stock does Christopher Mead still have?
Christopher Mead retains 21,803.927 phantom stock units and multiple non-qualified stock options over common shares with exercise prices from $86.17 to $337.74, plus 1,982.8313 notional stock units, each representing the right to receive one share of Arthur J. Gallagher common stock.
Were Christopher Mead’s AJG transactions open-market buys or sales of stock?
No. The Form 4 shows a grant and vesting of equity awards, an exercise/conversion into common stock, and F-code tax-withholding dispositions, where shares were surrendered to cover tax liabilities. It does not report any open-market buying or selling of AJG shares.
What do the phantom stock and notional stock units reported by AJG’s Christopher Mead represent?
Each phantom stock unit and notional stock unit represents a right to receive one share of Arthur J. Gallagher common stock. Phantom awards include Age 62 Plan deferrals, while notional stock units typically become payable after Mead’s separation from service with the company.
Gallagher (ARTHUR J.) & Co.
NYSE:AJG
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Mar 23, 2026
[ARS] Arthur J. Gallagher & Co. SEC Filing
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