Gallagher (NYSE: AJG) VP granted 6,214 shares; 3,146 withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arthur J. Gallagher & Co. vice president Vishal Jain reported equity compensation and related tax-withholding transactions involving the company’s common stock. On March 15, 2026, he received 6,214 restricted shares of common stock and separately acquired 6,214 common shares through an option exercise coded M.
To cover tax obligations on these vesting events, a total of 3,146 common shares were withheld at $207.93 per share across March 15–16, 2026 under F-code transactions, which are not open‑market sales. Following these transactions, Jain directly holds 66,740.69 common shares, plus additional indirect holdings through a Gallagher 401(k) plan account.
He also holds various derivative awards, including phantom stock and non‑qualified stock options over Gallagher common stock, with exercise prices ranging from $86.17 to $337.74 and stated expiration dates between 2027 and 2033, as well as notional stock units that convert into common shares after separation from service.
Positive
- None.
Negative
- None.
Insider Trade Summary
14 transactions reported
Mixed
14 txns
Insider
Jain Vishal
Role
VICE PRESIDENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 501 | $207.93 | $104K |
| Grant/Award | Common Stock (restricted) | 6,214 | $0.00 | -- |
| Exercise | Common Stock | 6,214 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,645 | $207.93 | $550K |
| 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 — 66,740.69 shares (Direct);
Common Stock (restricted) — 6,214 shares (Direct);
Phantom Stock — 39,506.268 shares (Direct);
Non-qualified Stock Option — 14,319 shares (Direct);
Notional Stock Units — 5,500.243 shares (Direct);
Common Stock — 491.113 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. Grant date of 3/12/2020. 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 did Arthur J. Gallagher (AJG) executive Vishal Jain report on this Form 4?
Vishal Jain reported equity compensation and related tax-withholding transactions in Arthur J. Gallagher common stock. The filing details newly granted restricted shares, an option exercise into common stock, and shares withheld to satisfy associated tax obligations, along with his updated stock and derivative award holdings.
Were there any open-market stock sales or purchases by Vishal Jain in AJG?
The Form 4 shows no open-market purchase (P) or sale (S) codes. Dispositions were coded F, meaning 3,146 shares of Arthur J. Gallagher common stock were withheld to cover tax obligations tied to vesting events, not discretionary market trades by the executive.
What derivative and deferred equity awards linked to AJG stock does Vishal Jain retain?
Jain retains phantom stock, non-qualified stock options, and notional stock units tied to Arthur J. Gallagher common stock. Option exercise prices range from $86.17 to $337.74, with expirations between 2027 and 2033, while phantom and notional units each represent the right to receive one common share.
How does this AJG Form 4 describe Vishal Jain’s phantom and notional stock units?
The filing explains that each phantom stock share and each notional stock unit represents a right to receive one Arthur J. Gallagher common share. Notional stock units become payable following Jain’s separation from service, reflecting deferred compensation rather than immediately exercisable equity.