Gallagher VP has 525 shares withheld for taxes
Arthur J. Gallagher & Co. vice president Michael Robert Pesch reported a tax-related share disposition.
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Rhea-AI Filing Summary
Arthur J. Gallagher & Co. vice president Michael Robert Pesch reported a tax-related share disposition. On March 16, 2026, 525 shares of common stock were withheld at $207.93 per share to cover tax obligations from vested restricted stock units, rather than sold on the open market.
After this withholding, he directly holds 44,379.2717 common shares, along with indirect holdings of common stock by a child, a spouse’s irrevocable trust, and a Gallagher 401(k) plan account. He also retains phantom stock, notional stock units, and multiple non-qualified stock options on Gallagher common stock with various exercise prices and expirations.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 525 | $207.93 | $109K |
| holding | Phantom Stock | -- | -- | -- |
| 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 | Non-qualified Stock Option | -- | -- | -- |
| holding | Non-qualified Stock Option | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (15)
- F1. Shares withheld to cover applicable tax obligations relating to the vesting of restricted stock units.
- F2. Shares held in irrevocable trust, of which his spouse is sole Trustee.
- F3. Each share of phantom stock represents a right to receive one share of Gallagher common stock.
- F4. 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.
- F5. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F6. Grant date of 3/12/2020.
- F7. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F8. Grant date of 3/16/2021.
- F9. Closing price of Gallagher common stock on February 28, 2025.
- F10. One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F11. Each notional stock unit represents a right to receive one share of Gallagher common stock.
- F12. Portions of these notional stock units are payable to the reporting person in shares of common stock in July of 2025, 2026, 2027 and 2028 and following the reporting person's separation from service.
- F13. Portions of these notional stock units are payable to the reporting person in shares of common stock in July of 2025, 2026, 2027 and 2028 and following the reporting person's separation from service.
- F14. Grant date of 3/15/2022.
- F15. Grant date of 3/15/2023.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Arthur J. Gallagher (AJG) vice president Michael Pesch report in this Form 4?
Was Michael Pesch’s Arthur J. Gallagher (AJG) Form 4 transaction an open-market sale?
How are Michael Pesch’s notional stock units in Arthur J. Gallagher (AJG) scheduled to be paid?
AI-generated analysis. How Rhea-AI works. Not financial advice.
