Arthur J. Gallagher: Pietrucha sells 15,020 shares
No Rule 10b5-1 plan is reported, and the multiple sales ranged from $282.08 to $282.575 per share.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Arthur J. Gallagher & Co. (AJG) Chief Human Resources Officer Susan E. Pietrucha exercised 15,020 non-qualified stock options at $86.17 per share on November 9, 2026, acquiring 15,020 common shares and selling 15,020 shares that day at a weighted-average $282.301 per share. The sales were reported in multiple transactions priced from $282.08 to $282.575. No Rule 10b5-1 plan is reported. Other reported positions include remaining options, phantom stock, and notional stock units.
Insider Trade Summary
Exercise and Sale: 15,020 shares ($2.95M approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Pietrucha Susan E
Role
Chief Human Resources Officer
Sold
15,020 shs ($4.24M)
Approx. gross sale proceeds
$4.24M
Approx. exercise cost
$1.29M
Approx. pre-tax spread
$2.95M
Share of Position Sold
47.2%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-qualified Stock Option F2 | 15,020 | $0.00 | $0.00 |
| Exercise | Common Stock | 15,020 | $86.17 | $1.29M |
| Sale | Common Stock F1 | 15,020 | $282.301 | $4.24M |
| Holding | Phantom Stock F3, F4 | -- | -- | -- |
| Holding | Non-qualified Stock Option F2 | -- | -- | -- |
| Holding | Notional Stock Units F5, F6 | -- | -- | -- |
| Holding | Non-qualified Stock Option F7 | -- | -- | -- |
| Holding | Non-qualified Stock Option F8, F2 | -- | -- | -- |
| Holding | Non-qualified Stock Option F2 | -- | -- | -- |
| Holding | Non-qualified Stock Option F9 | -- | -- | -- |
| Holding | Non-qualified Stock Option F10 | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-qualified Stock Option — 74,115 options (Direct);
Common Stock — 16,791.2383 shares (Direct);
Phantom Stock — 101,300.299 units (Direct);
Notional Stock Units — 15,324.048 units (Direct);
Common Stock — 367.312 shares (Indirect, Gallagher 401(k) plan account)
Holdings Before and After:
Non-qualified Stock Option, 89,135 to 74,115 options (Direct);
Common Stock, 16,791.2383 to 16,791.2383 shares (Direct)
Other Insiders: 3 other insiders reported open-market sales of this stock in the 30 days up to this filing.
Footnotes (10)
- F1. The price reported is an average weighted price. The shares were sold in multiple transactions on 11/9/2026 at prices ranging from $282.08 to $282.575. The reporting person will provide to the Securities and Exchange Commission staff, the issuer, or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes to this Form 4.
- F2. One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- 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. Each notional stock unit represents a right to receive one share of Gallagher common stock.
- F6. The notional stock units become payable in July 2026 and following the reporting person's separation from service with Gallagher.
- F7. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F8. Closing price of Gallagher common stock on February 28, 2025.
- F9. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F10. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
Key Figures
Options exercised: 15,020 shares
Option exercise price: $86.17 per share
Common shares sold: 15,020 shares
+5 more
8 metrics
Options exercised
15,020 shares
November 9, 2026
Option exercise price
$86.17 per share
Exercise on November 9, 2026
Common shares sold
15,020 shares
November 9, 2026
Weighted-average sale price
$282.301 per share
Sale on November 9, 2026
Sale price range
$282.08 to $282.575 per share
Multiple transactions on November 9, 2026
Phantom stock position
101,300.299 underlying shares
Reported November 9, 2026
Notional stock units
15,324.048 underlying shares
Reported November 9, 2026
Reported non-qualified option lot
21,210 underlying shares at $127.90 per share
Expiration March 16, 2028
Key Terms
Non-qualified Stock Option, phantom stock, Notional Stock Units, Age 62 Plan
4 terms
Non-qualified Stock Option financial
"Non-qualified Stock Option expiring in March 2027"
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.
phantom stock financial
"Each share of phantom stock represents a right to receive one share"
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"
Age 62 Plan financial
"awards under the Age 62 Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
AI-generated analysis. How Rhea-AI works. Not financial advice.
