Arthur J. Gallagher: Ziebell sells 23,510 shares
The exercise and sale each involved 23,510 shares, with sale prices ranging from $286.50 to $287.11.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Arthur J. Gallagher & Co. (AJG) vice president William F. Ziebell exercised options for 23,510 common shares at an $86.17 exercise price on November 4, 2026, then sold 23,510 shares at a weighted average $286.625 per share. Sale prices ranged from $286.50 to $287.11 across multiple transactions. No Rule 10b5-1 plan is reported.
Insider Trade Summary
Exercise and Sale: 23,510 shares ($4.71M approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Ziebell William F
Role
VICE PRESIDENT
Sold
23,510 shs ($6.74M)
Approx. gross sale proceeds
$6.74M
Approx. exercise cost
$2.03M
Approx. pre-tax spread
$4.71M
Share of Position Sold
32.4%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-qualified Stock Option F2 | 23,510 | $0.00 | $0.00 |
| Exercise | Common Stock | 23,510 | $86.17 | $2.03M |
| Sale | Common Stock F1 | 23,510 | $286.625 | $6.74M |
| Holding | Phantom Stock F3, F4 | -- | -- | -- |
| Holding | Non-qualified Stock Option F2 | -- | -- | -- |
| Holding | Non-qualified Stock Option F2 | -- | -- | -- |
| Holding | Non-qualified Stock Option F5, F2 | -- | -- | -- |
| Holding | Non-qualified Stock Option F6 | -- | -- | -- |
| Holding | Non-qualified Stock Option F7 | -- | -- | -- |
| Holding | Notional Stock Units F8, F9 | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-qualified Stock Option — 62,179 contracts (Direct);
Common Stock — 48,941.8559 shares (Direct);
Phantom Stock — 68,663.227 contracts (Direct);
Notional Stock Units — 6,033.7549 contracts (Direct);
Common Stock — 491.139 shares (Indirect, Gallagher 401(k) plan account)
Holdings Before and After:
Non-qualified Stock Option, 85,689 to 62,179 contracts (Direct);
Common Stock, 48,941.8559 to 48,941.8559 shares (Direct)
Other Insiders: 2 other insiders reported open-market sales of this stock in the 30 days up to this filing.
Footnotes (9)
- F1. The price reported is an average weighted price. The shares were sold in multiple transactions at prices ranging from $286.50 to $287.11. 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 range set forth in this footnote.
- 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. Closing price of Gallagher common stock on February 28, 2025.
- F6. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F7. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F8. Each notional stock unit represents a right to receive one share of Gallagher common stock.
- F9. The notional stock units become payable in July 2026 and following the reporting person's separation from service with Gallagher.
Key Figures
Shares exercised: 23,510 shares
Exercise price: $86.17 per share
Shares sold: 23,510 shares
+2 more
5 metrics
Shares exercised
23,510 shares
November 4, 2026
Exercise price
$86.17 per share
Options exercised November 4, 2026
Shares sold
23,510 shares
November 4, 2026
Weighted average sale price
$286.625 per share
Sale on November 4, 2026
Sale price range
$286.50 to $287.11 per share
Multiple sale transactions
Key Terms
Non-qualified Stock Option, Phantom Stock, Age 62 Plan, Notional Stock Units
4 terms
Non-qualified Stock Option financial
"Non-qualified Stock Option"
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 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.
Age 62 Plan financial
"awards under the Age 62 Plan, a nonqualified deferred compensation plan of the Company"
Notional Stock Units financial
"Each notional stock unit represents a right to receive one share of Gallagher common stock."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What other stock options did AJG vice president William F. Ziebell report?
The reported remaining non-qualified stock options included 22,210 underlying shares at a $127.90 exercise price, expiring March 16, 2028; 11,100 at $158.56, expiring March 15, 2029; 9,712 at $243.54, expiring March 1, 2031; 9,917 at $337.74, expiring March 1, 2032; and 9,240 at $177.09, expiring March 15, 2030.
AI-generated analysis. How Rhea-AI works. Not financial advice.
