COO Patrick Gallagher (AJG) receives 4,620-share award and covers taxes in stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arthur J. Gallagher & Co. Chief Operating Officer Patrick Murphy Gallagher reported equity compensation activity and related tax withholding. On March 15, 2026, he received a grant of 4,620 shares of restricted common stock, which then converted into the same number of common shares through a derivative exercise entry.
To cover tax obligations tied to the vesting, a total of 2,487 common shares was disposed of via share withholding at $207.93 per share, reported on March 15 and 16, 2026, rather than through open‑market sales. After these transactions, he directly holds 38,575.6637 common shares and also has various stock options, phantom stock, and notional stock units, along with additional indirect holdings in family and retirement‑related accounts and trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
21 transactions reported
Mixed
21 txns
Insider
Gallagher Patrick Murphy
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 525 | $207.93 | $109K |
| Grant/Award | Common Stock (restricted) | 4,620 | $0.00 | -- |
| Exercise | Common Stock (restricted) | 4,620 | $0.00 | -- |
| Exercise | Common Stock | 4,620 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,962 | $207.93 | $408K |
| holding | Non-qualified Stock Option | -- | -- | -- |
| 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 | Notional Stock Units | -- | -- | -- |
| holding | Phantom Stock | -- | -- | -- |
| holding | Non-qualified Stock Option | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 38,575.664 shares (Direct);
Common Stock (restricted) — 4,620 shares (Direct);
Non-qualified Stock Option — 17,775 shares (Direct);
Phantom Stock — 17,594.638 shares (Direct);
Notional Stock Units — 907.072 shares (Direct);
Common Stock — 10,560 shares (Indirect, By Spouse as Trustee)
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. Shares held in trusts, for the benefit of the reporting person's children, of which his wife is sole trustee. 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 Shares held in trust for the benefit of the reporting person's children, of which he is a trustee. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date. 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. 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. 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. 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. 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. The notional stock units become payable following the reporting person's separation from service with Gallagher. 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. Grant date of 3/15/2022.
