Gallagher controller sells 3,000 shares at $206
Arthur J. Gallagher & Co. controller and chief accounting officer Richard C. Cary reported an open-market sale of 3,000 shares of common stock at $206.00 per share on June 2, 2026.
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Form Type
4
Rhea-AI Filing Summary
Arthur J. Gallagher & Co. controller and chief accounting officer Richard C. Cary reported an open-market sale of 3,000 shares of common stock at $206.00 per share on June 2, 2026. After this transaction, he directly holds 47,819.487 shares of common stock, along with 418.699 shares held indirectly through a Gallagher 401(k) plan account.
He also holds equity-based awards, including phantom stock and notional stock units, each representing rights to receive Gallagher common stock, and several non-qualified stock options covering 1,219, 1,572, 2,265, and 2,349 underlying shares with exercise prices between $86.17 and $177.09 per share and expirations from 2027 to 2030.
Insider Trade Summary
Net Seller: 3,000 shares
Net Sell
8 txns
Insider
CARY RICHARD C
Role
Controller, CAO
Sold
3,000 shs ($618K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,000 | $206.00 | $618K |
| 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 | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 47,819.487 shares (Direct);
Non-qualified Stock Option — 7,405 contracts (Direct);
Notional Stock Units — 1,018.466 contracts (Direct);
Phantom Stock — 160.685 contracts (Direct);
Common Stock — 418.699 shares (Indirect, Gallagher 401(k) plan account)
Footnotes (6)
- F1. One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F2. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F3. Each notional stock unit represents a right to receive one share of Gallagher common stock.
- F4. The notional stock units become payable following the reporting person's separation from service with Gallagher.
- F5. Each share of phantom stock represents a right to receive one share of Gallagher common stock.
- F6. 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.
Key Figures
Shares sold: 3,000 shares
Sale price: $206.00 per share
Direct holdings after sale: 47,819.487 shares
+5 more
8 metrics
Shares sold
3,000 shares
Open-market sale of common stock on June 2, 2026
Sale price
$206.00 per share
Price for 3,000 common shares sold
Direct holdings after sale
47,819.487 shares
Common stock directly held following transaction
Indirect 401(k) holdings
418.699 shares
Common stock in Gallagher 401(k) plan account
Phantom stock underlying shares
160.6850 shares
Right to receive Gallagher common stock
Notional stock units underlying shares
1,018.4660 shares
Right to receive Gallagher common stock
Non-qualified options @ $86.17
1,219 underlying shares
Exercise price $86.17; expire March 12, 2027
Non-qualified options @ $177.09
1,572 underlying shares
Exercise price $177.09; expire March 15, 2030
Key Terms
Phantom Stock, Notional Stock Units, Non-qualified Stock Option, Age 62 Plan, +1 more
5 terms
Phantom Stock financial
"Each share of phantom stock represents a right to receive one share of Gallagher common stock."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Notional Stock Units financial
"Each notional stock unit represents a right to receive one share of Gallagher common stock."
Non-qualified Stock Option financial
"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."
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
Age 62 Plan financial
"These shares represent awards under the Age 62 Plan, a nonqualified deferred compensation plan of the Company."
nonqualified deferred compensation plan financial
"Awards under the Age 62 Plan, a nonqualified deferred compensation plan of the Company."
A nonqualified deferred compensation plan is an arrangement where an employer lets select employees postpone receiving part of their pay or bonuses until a future date, often at retirement, so taxes are paid later. It matters to investors because these payouts are typically unsecured promises by the company—like an internal IOU—so they create future cash obligations and expose the company to extra liability risk if the business falters, and they also reveal how executives are being paid and motivated.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did AJG insider Richard C. Cary report in this Form 4?
Richard C. Cary reported selling 3,000 shares of Arthur J. Gallagher & Co. common stock at $206.00 per share. The filing also lists his remaining direct and indirect shareholdings and multiple equity-based awards tied to Gallagher common stock.
When do Richard C. Cary’s AJG non-qualified stock options expire?
His non-qualified stock options on Gallagher common stock have expiration dates ranging from March 12, 2027, to March 15, 2030. Footnotes state these options vest in thirds on the third, fourth, and fifth anniversaries of their respective grant dates.
What are the phantom stock and notional stock units reported for AJG?
Each phantom stock unit and each notional stock unit represents a right to receive one Gallagher common share. The notional stock units are payable after his separation from service, and some units are tied to the company’s Age 62 nonqualified deferred compensation plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
