Mead Christopher E 4
Research Summary
AI-generated summary
Arthur J. Gallagher (AJG) V.P. Christopher Mead Receives Award
What Happened
- Christopher E. Mead, Vice President of Arthur J. Gallagher & Co., was granted 1,541.782 shares of phantom stock on 2026-03-04. The award is reported at an imputed price of $227.01 per share for a total value of $350,000. This transaction is an award/acquisition (derivative) under the company’s nonqualified deferred compensation arrangements, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (filed timely).
- Transaction type: Award/Grant (code A) — derivative phantom stock representing rights to common shares.
- Quantity & valuation: 1,541.782 phantom shares @ $227.01 = $350,000.
- Shares owned after transaction: Not specified in the provided excerpt.
- Footnotes: F1 — each phantom share equals a right to receive one Gallagher common share; F2 — award made under the Age 62 Plan (nonqualified deferred compensation); such awards are deemed invested in company stock at the participant’s election and generally vest at age 62 (or after one year for participants age 61+).
Context
- These phantom share awards are a form of deferred compensation and do not necessarily result in immediate issuance of common stock. They are typically routine compensation-related grants rather than market-timed purchases or sales.