HOWELL DOUGLAS K 4
4 · Arthur J. Gallagher & Co. · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
Arthur J. Gallagher (AJG) CFO Douglas K. Howell Acquires Notional Stock Units
What Happened
Douglas K. Howell, CFO of Arthur J. Gallagher & Co. (AJG), executed a discretionary acquisition of 12,892.211 notional stock units on February 10, 2026, at a per-unit value of $212.58, totaling $2,740,626. This was a derivative transaction (notional/phantom stock units) representing rights to receive Gallagher common stock under internal deferred compensation arrangements rather than an open‑market purchase of shares.
Key Details
- Transaction date and price: 2026-02-10; 12,892.211 units @ $212.58 each; total value $2,740,626.
- Transaction type: Acquisition of notional stock units (derivative), discretionary move of assets.
- Filing: Report filed 2026-02-12 for the 2026-02-10 transaction (timely).
- Shares owned after transaction: Not disclosed in this filing.
- Footnotes / plan details:
- F1: Reporting person disclaims voting and investment power and disclaims beneficial ownership of these shares.
- F10: Units relate to the Age 62 Plan, a nonqualified deferred compensation plan; participants vest at age 62 (or after one year for those age 61).
- F2 / F9: Each notional/phantom stock unit represents a right to receive one share of common stock.
- F3/F4: Portions/payments are scheduled for July 2026, 2028, 2029 and/or upon separation from service.
- Remarks: The filing states this was a discretionary transfer of assets from the company’s Supplemental Savings and Thrift Plan into the investment option representing Gallagher common stock.
Context: These are not actual shares with current voting power but notional units that can convert to stock or cash per plan terms at specified payout dates or upon separation. The filing does not indicate an open-market purchase or sale.
Insider Transaction Report
- Discretionary Transaction
Notional Stock Units
[F2][F3]2026-02-10$212.58/sh+12,892.211$2,740,626→ 191,318.055 totalExercise: $0.00→ Common Stock (12,892.211 underlying)
- 96,030.756
Common Stock
- 3,165(indirect: By Spouse)
Common Stock
[F1] - 418.691(indirect: By 401(k))
Common Stock
- 208,342.081
Notional Stock Units
[F2][F4]Exercise: $0.00→ Common Stock (208,342.081 underlying) - 31,265
Non-qualified Stock Option
[F5]Exercise: $127.90Exp: 2028-03-16→ Common Stock (31,265 underlying) - 17,130
Non-qualified Stock Option
[F5]Exercise: $86.17Exp: 2027-03-12→ Common Stock (17,130 underlying) - 14,545
Non-qualified Stock Option
[F5]Exercise: $158.56Exp: 2029-03-15→ Common Stock (14,545 underlying) - 14,100
Non-qualified Stock Option
[F5]Exercise: $79.59Exp: 2026-03-14→ Common Stock (14,100 underlying) - 13,884
Non-qualified Stock Option
[F6][F5]Exercise: $337.74Exp: 2032-03-01→ Common Stock (13,884 underlying) - 12,726
Non-qualified Stock Option
[F7]Exercise: $243.54Exp: 2031-03-01→ Common Stock (12,726 underlying) - 12,107
Non-qualified Stock Option
[F8]Exercise: $177.09Exp: 2030-03-15→ Common Stock (12,107 underlying) - 4,285.923
Phantom Stock
[F9][F10]→ Common Stock (4,285.923 underlying)
Footnotes (10)
- [F1]The reporting person has no voting or invesment power over these shares and disclaims beneficial ownership.
- [F10]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.
- [F2]Each notional stock unit represents a right to receive one share of Gallagher common stock.
- [F3]Portions of these notional stock units are payable to the reporting person in shares of common stock in July of 2026, 2028 and 2029 and following the reporting person's separation from service.
- [F4]The notional stock units become payable following the reporting person's separation from service with Gallagher.
- [F5]One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- [F6]Closing price of Gallagher common stock on February 28, 2025.
- [F7]One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- [F8]One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- [F9]Each share of phantom stock represents a right to receive one share of Gallagher common stock.