Gallagher (NYSE: AJG) HR chief granted 6,612 shares, 2,186 withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arthur J. Gallagher & Co. Chief Human Resources Officer Susan E. Pietrucha reported equity compensation activity involving performance-based shares and related tax withholding. Performance share units awarded on March 15, 2023 were earned and vested as of March 15, 2026, resulting in an award of 6,612 shares of restricted common stock at a stated price of $0.00 per share.
Those restricted shares were then converted into 6,612 shares of common stock, and 2,186 of those common shares were withheld at $207.93 per share to cover tax obligations. After these transactions, she directly holds 16,396.7715 shares of common stock and indirectly holds 367.312 shares through a Gallagher 401(k) plan account. She also retains derivative interests, including 100,637.795 phantom stock units and 15,324.048 notional stock units linked to common stock, plus several non-qualified stock option grants with stated exercise prices and future expiration dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
14 transactions reported
Mixed
14 txns
Insider
Pietrucha Susan E
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (restricted) | 6,612 | $0.00 | -- |
| Exercise | Common Stock (restricted) | 6,612 | $0.00 | -- |
| Exercise | Common Stock | 6,612 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,186 | $207.93 | $455K |
| holding | Phantom Stock | -- | -- | -- |
| holding | Non-qualified Stock Option | -- | -- | -- |
| holding | Notional Stock Units | -- | -- | -- |
| 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 | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock (restricted) — 6,612 shares (Direct);
Common Stock — 18,582.772 shares (Direct);
Phantom Stock — 100,637.795 shares (Direct);
Non-qualified Stock Option — 21,210 shares (Direct);
Notional Stock Units — 15,324.048 shares (Direct);
Common Stock — 367.312 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. 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 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. The notional stock units become payable following the reporting person's separation from service with Gallagher. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date. 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.
FAQ
What did Arthur J. Gallagher (AJG) executive Susan Pietrucha report in this Form 4?
Susan Pietrucha reported the vesting of 6,612 performance-based restricted shares that converted into common stock, plus related tax withholding. The filing shows compensation-related equity activity rather than open-market trading, reflecting routine share-based incentives tied to prior awards granted in March 2023.
What performance-based award vested for Arthur J. Gallagher (AJG) executive Susan Pietrucha?
Performance share units awarded on March 15, 2023 were earned and vested as of March 15, 2026. This vesting generated 6,612 restricted shares that were then converted into common stock, illustrating how prior long-term incentive grants are delivering equity to the executive.
What derivative or deferred equity interests in Arthur J. Gallagher (AJG) does Susan Pietrucha retain?
She retains phantom stock representing 100,637.795 underlying common shares and 15,324.048 notional stock units, each linked one-for-one to Gallagher common stock. She also holds several non-qualified stock option grants with stated exercise prices and expiration dates extending through 2033.
How were taxes handled on Susan Pietrucha’s Arthur J. Gallagher (AJG) equity vesting?
To cover tax obligations, 2,186 common shares were withheld at $207.93 per share in connection with the vesting and conversion of the performance-based award. This withholding is recorded as a tax-liability disposition rather than as an open-market sale transaction.