Arthur J. Gallagher CEO trades and gifts shares
Arthur J. Gallagher & Co. CEO J. Patrick Gallagher Jr. exercised 44,050 non-qualified stock options at $79.59 per share and sold 27,450 common shares at an average price of about $230.312, with proceeds covering tax and option exercise obligations.
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Form Type
4
Rhea-AI Filing Summary
Arthur J. Gallagher & Co. CEO J. Patrick Gallagher Jr. exercised 44,050 non-qualified stock options at $79.59 per share and sold 27,450 common shares at an average price of about $230.312, with proceeds covering tax and option exercise obligations. He also made bona fide gifts totaling 3,300 common shares directly and through spouse and trust accounts. In addition, he executed a discretionary transaction moving $20,669,228.36 in a supplemental savings plan into Gallagher common stock, creating 91,769.428 notional stock units valued at $225.23 each.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
19 txns
Insider
GALLAGHER J PATRICK JR
Role
CEO
Sold
27,450 shs ($6.32M)
Approx. gross sale proceeds
$6.32M
Approx. exercise cost
$3.51M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Discretionary | Notional Stock Units | 91,769.428 | $225.23 | $20.67M |
| Gift | Common Stock | 1,350 | $0.00 | $0.00 |
| Gift | Common Stock | 1,350 | $0.00 | $0.00 |
| Gift | Common Stock | 600 | $0.00 | $0.00 |
| Exercise | Non-qualified Stock Option | 44,050 | $0.00 | $0.00 |
| Exercise | Common Stock | 44,050 | $79.59 | $3.51M |
| Sale | Common Stock | 27,450 | $230.312 | $6.32M |
| holding | Phantom Stock | -- | -- | -- |
| 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 | Non-qualified Stock Option | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Notional Stock Units — 153,072.954 contracts (Direct);
Non-qualified Stock Option — 309,765 contracts (Direct);
Common Stock — 95,104.9335 shares (Direct);
Common Stock — 270,175 shares (Indirect, By Spouse);
Common Stock — 219,955 shares (Indirect, By Trust);
Phantom Stock — 136,060.984 contracts (Direct);
Common Stock — 5,328 shares (Indirect, By Spouse's Trust);
Common Stock — 255,965 shares (Indirect, By Corporation);
Common Stock — 66,703 shares (Indirect, By Irrevocable Trust);
Common Stock — 418.702 shares (Indirect, Gallagher 401(k) plan account)
Footnotes (14)
- F1. Covers tax obligations and the exercise price relating to the exercise of expiring stock options.
- F2. The price reported is an average weighted price. The shares were sold in multiple transactions at prices ranging from $230.210 to $230.780. 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.
- F3. Shares held in revocable trust of which my spouse is sole Trustee and as to which I disclaim beneficial ownership.
- F4. Held in trust for benefit of children.
- F5. Shares held in trust for the benefit of my children of which I am sole Trustee.
- F6. Each notional stock unit represents a right to receive one share of Gallagher common stock.
- F7. The reporting person moved $20,669,228.36 in assets that he holds in the company's Supplemental Savings and Thrift Plan, a nonqualified deferred compensation plan, into the investment option representing Gallagher common stock, which is a discretionary transaction by the reporting person.
- F8. The notional stock units become payable following the reporting person's separation from service with Gallagher.
- F9. One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F10. Each share of phantom stock represents a right to receive one share of Gallagher common stock.
- F11. 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.
- F12. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F13. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F14. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Arthur J. Gallagher (AJG) report on this Form 4?
The CEO reported exercising 44,050 stock options, selling 27,450 common shares, gifting 3,300 shares, and reallocating $20,669,228.36 in a supplemental savings plan into 91,769.428 notional stock units tied to Gallagher common stock.
What stock option exercise did the Arthur J. Gallagher (AJG) CEO report?
He exercised 44,050 non-qualified stock options at an exercise price of $79.59 per share, converting them into common stock. The related sale of shares was used to cover the option exercise cost and associated tax obligations, according to the filing footnotes.
What discretionary plan transaction involving AJG stock units did the CEO make?
He moved $20,669,228.36 in assets within the company’s Supplemental Savings and Thrift Plan into an investment option representing Gallagher common stock, creating 91,769.428 notional stock units at a reference value of $225.23 each, payable after his separation from service.
What stock gifts did the Arthur J. Gallagher (AJG) CEO disclose?
He reported bona fide gifts totaling 3,300 common shares: 1,350 shares held directly, 1,350 shares held by his spouse, and 600 shares held by a trust for the benefit of children, reflecting transfers rather than sales for cash consideration.
How did the CEO’s ownership in AJG change after these transactions?
Following the reported activity, he held 96,454.9335 common shares directly and 153,072.954 notional stock units, plus various indirect holdings through spouse, trusts, a corporation, and a 401(k) account, as detailed in the post-transaction balances table.
AI-generated analysis. How Rhea-AI works. Not financial advice.
