Arthur J. Gallagher (NYSE: AJG) COO details 23,800-share stock gift
Rhea-AI Filing Summary
Arthur J. Gallagher & Co. reported that its Chief Operating Officer Patrick Murphy Gallagher made a bona fide gift of 23,800 shares of common stock on August 5, 2026. The gift, for estate planning purposes, transferred shares from his spouse to an irrevocable trust benefiting him and his children; the shares are held in family trusts, and he disclaims beneficial ownership except to the extent of any pecuniary interest. He also reports direct holdings of stock options and deferred-compensation awards, including phantom stock and notional stock units that each represent rights to receive Gallagher common shares in the future.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 23,800 shares
Net Sell
17 txns
Insider
Gallagher Patrick Murphy
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1, F2 | 23,800 | $0.00 | $0.00 |
| holding | Non-qualified Stock Option F5 | -- | -- | -- |
| holding | Phantom Stock F6, F7 | -- | -- | -- |
| holding | Non-qualified Stock Option F8, F9 | -- | -- | -- |
| holding | Non-qualified Stock Option F10 | -- | -- | -- |
| holding | Non-qualified Stock Option F9, F11 | -- | -- | -- |
| holding | Non-qualified Stock Option F9, F12 | -- | -- | -- |
| holding | Non-qualified Stock Option F13 | -- | -- | -- |
| holding | Non-qualified Stock Option F9, F14 | -- | -- | -- |
| holding | Phantom Stock F6, F15 | -- | -- | -- |
| holding | Notional Stock Units F16, F17, F18 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 53,262 shares (Indirect, By Spouse's Trust);
Non-qualified Stock Option — 66,257 shares (Direct);
Phantom Stock — 21,535.773 shares (Direct);
Notional Stock Units — 2,351.803 shares (Direct);
Common Stock — 11,264 shares (Indirect, By Spouse as Trustee);
Common Stock — 14,169.6426 shares (Direct);
Common Stock — 491.136 shares (Indirect, Gallagher 401(k) plan account);
Common Stock — 119,137.25 shares (Indirect, By Trust);
Common Stock — 55,109 shares (Indirect, By Irrevocable Trust)
Footnotes (18)
- F1. This transaction represents a gift for estate planning purposes from the reporting person's spouse to an irrevocable trust of which the reporting person and his children are beneficiaries. The reporting person disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
- F2. 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
- F3. Shares held in trusts, for the benefit of the reporting person's children, of which his wife is sole trustee.
- F4. Shares held in trust for the benefit of the reporting person's children, of which he is a trustee.
- F5. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F6. Each share of phantom stock represents a right to receive one share of Gallagher common stock.
- F7. 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.
- F8. Closing price of Gallagher common stock on February 28, 2025.
- F9. One-third of this stock option becomes exerciseable 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.
- F11. Grant date of 3/16/2021.
- F12. Grant date of 3/12/2020.
- F13. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F14. Grant date of 3/15/2022.
- F15. 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.
- F16. Each notional stock unit represents a right to receive one share of Gallagher common stock.
- F17. The notional stock units become payable following the reporting person's separation from service with Gallagher.
- F18. The notional stock units become payable following the reporting person's separation from service with Gallagher.
Key Figures
Gifted common shares: 23,800 shares
Spouse trust indirect holding: 53,262 shares
Largest option grant: 17,775 shares at $228.20
+5 more
8 metrics
Gifted common shares
23,800 shares
Bona fide gift on 2026-08-05 from spouse to an irrevocable trust
Spouse trust indirect holding
53,262 shares
Common stock reported as held indirectly by spouse's trust after the gift
Largest option grant
17,775 shares at $228.20
Non-qualified stock option on common stock expiring 2033-03-01
Additional option grant
11,901 shares at $337.74
Non-qualified stock option on common stock expiring 2032-03-01
Phantom stock Age 62 Plan
17,731.211 shares
Phantom stock awards under the Age 62 Plan, each share equal to one common share
Phantom stock deferred cash plan
3,804.562 shares
Awards under the Deferred Cash Participation Plan deemed invested in common stock
Notional stock units
2,351.803 units
Each unit represents a right to receive one Gallagher common share
Irrevocable trust holding
55,109 shares
Common stock reported as held indirectly by an irrevocable trust
Key Terms
Phantom Stock, Non-qualified Stock Option, Notional Stock Units, nonqualified deferred compensation plan, +2 more
6 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.
Non-qualified Stock Option financial
"One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date."
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.
Notional Stock Units financial
"Each notional stock unit represents a right to receive one share of Gallagher common stock."
nonqualified deferred compensation plan financial
"These shares represent 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.
Age 62 Plan financial
"These shares represent awards under the Age 62 Plan, a nonqualified deferred compensation plan of the Company."
Deferred Cash Participation Plan financial
"These shares represent awards under the Deferred Cash Participation Plan, a nonqualified deferred compensation plan of the Company."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Arthur J. Gallagher & Co. (AJG) report for its COO?
The filing shows COO Patrick Murphy Gallagher reported a bona fide gift of 23,800 shares of Arthur J. Gallagher common stock on August 5, 2026. The transfer was for estate planning, moving shares from his spouse to an irrevocable trust benefiting him and his children.
What trust and indirect holdings are associated with AJG COO Patrick Murphy Gallagher?
The filing lists 53,262 shares held via a spouse-administered trust, 11,264 shares in trusts where his spouse is trustee for their children, and 55,109 shares in an irrevocable trust, plus 491.136 shares in a 401(k) plan; he disclaims beneficial ownership beyond any pecuniary interest.
What stock options does AJG COO Patrick Murphy Gallagher hold according to this Form 4?
He reports non-qualified stock options on 17,775 shares at $228.20 expiring March 1, 2033, 11,901 shares at $337.74 expiring March 1, 2032, and several additional grants, generally vesting one-third on each of the 3rd, 4th, and 5th anniversaries of their grant dates.
What phantom stock and notional stock units are reported for AJG COO Patrick Murphy Gallagher?
He holds phantom stock tied to 17,731.211 shares under the Age 62 Plan and 3,804.562 shares under the Deferred Cash Participation Plan, plus 2,351.803 notional stock units. Each unit represents a right to receive one Gallagher common share, generally payable after separation from service.