Gallagher (NYSE: AJG) VP reports tax share withholding, retains holdings
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
Pesch Michael Robert
Role
Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | 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 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 44,379.272 shares (Direct);
Phantom Stock — 49,197.003 shares (Direct);
Non-qualified Stock Option — 13,167 shares (Direct);
Notional Stock Units — 5,314.527 shares (Direct);
Common Stock — 59 shares (Indirect, By Child)
Footnotes (1)
- Shares withheld to cover applicable tax obligations relating to the vesting of restricted stock units. Shares held in irrevocable trust, of which his spouse is sole Trustee. 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. Grant date of 3/12/2020. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date. Grant date of 3/16/2021. Closing price of Gallagher common stock on February 28, 2025. One-third of this stock option becomes exerciseable 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. 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. 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. Grant date of 3/15/2022. Grant date of 3/15/2023.
FAQ
What did Arthur J. Gallagher (AJG) vice president Michael Pesch report in this Form 4?
Michael Robert Pesch reported a tax-related share disposition, where 525 common shares were withheld to satisfy tax obligations tied to vested restricted stock units, rather than being sold in an open-market transaction.
Was Michael Pesch’s Arthur J. Gallagher (AJG) Form 4 transaction an open-market sale?
No. The Form 4 shows a tax-withholding disposition coded “F,” meaning 525 shares were withheld by the issuer to cover tax liabilities from restricted stock unit vesting, rather than sold on an exchange.
How are Michael Pesch’s notional stock units in Arthur J. Gallagher (AJG) scheduled to be paid?
Portions of his notional stock units are payable in Gallagher common stock during July 2025, 2026, 2027 and 2028, with additional amounts payable following his separation from service, according to the plan terms described in the footnotes.