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Arthur J. Gallagher & Co.·4

Mar 9, 7:29 PM ET

Hudson Scott R 4

4 · Arthur J. Gallagher & Co. · Filed Mar 9, 2026

Research Summary

AI-generated summary of this filing

Updated

AJG VP Hudson Scott R Exercises Options, Sells 3,800 Shares

What Happened
Hudson Scott R, a Vice President at Arthur J. Gallagher & Co. (AJG), exercised 3,800 stock options and immediately sold the resulting 3,800 shares on March 6, 2026. The options were exercised at $79.59 per share (cost $302,442) and the shares were sold in an open-market sale at $227.57 per share for gross proceeds of approximately $864,766. Footnote F1 indicates these were exercises and sales of expiring stock options.

Key Details

  • Transaction date: March 6, 2026.
  • Exercise (M): 3,800 shares at $79.59 each — total exercise cost $302,442.
  • Sale (S): 3,800 shares at $227.57 each — gross proceeds $864,766.
  • Additional M-coded line shows a 3,800-share derivative disposition at $0 (per filing); footnote F1 clarifies these relate to the exercise/sale of expiring options.
  • Filing date: March 9, 2026 — filed within the standard reporting window (timely).
  • Shares owned after the transaction: not disclosed in the provided excerpt of the filing.

Context
This was a cashless-style sequence: options were exercised and the shares were sold immediately. Such exercises followed by immediate sales are common for option vesting/expiration and typically reflect liquidity/tax-management rather than a directional bet on the stock. The key takeaway for investors is the insider realized proceeds from options rather than adding to an equity position.

Insider Transaction Report

Form 4
Period: 2026-03-06
Arthur J. Gallagher & Co.AJG
Hudson Scott R
Vice President
Transactions
  • Exercise/Conversion

    Common Stock

    2026-03-06$79.59/sh+3,800$302,442→ 89,720 total
  • Sale

    Common Stock

    [F1]
    2026-03-06$227.57/sh−3,800$864,766→ 85,920 total
  • Exercise/Conversion

    Non-qualified Stock Option

    [F2]
    2026-03-06−3,800→ 0 total
    Exercise: $79.59Exp: 2026-03-14→ Common Stock (3,800 underlying)
Holdings

  • Common Stock

    (indirect: By 401(k))
    411.467

  • Phantom Stock

    [F3][F4]
    → Common Stock (3,764.121 underlying)
    3,764.121

  • Non-qualified Stock Option

    [F5]
    Exercise: $228.20Exp: 2033-03-01→ Common Stock (15,800 underlying)
    15,800

  • Non-qualified Stock Option

    [F2]
    Exercise: $86.17Exp: 2027-03-12→ Common Stock (24,370 underlying)
    24,370

  • Non-qualified Stock Option

    [F2]
    Exercise: $127.90Exp: 2028-03-16→ Common Stock (23,025 underlying)
    23,025

  • Non-qualified Stock Option

    [F2]
    Exercise: $158.56Exp: 2029-03-15→ Common Stock (11,480 underlying)
    11,480

  • Non-qualified Stock Option

    [F6]
    Exercise: $177.09Exp: 2030-03-15→ Common Stock (9,558 underlying)
    9,558

  • Non-qualified Stock Option

    [F7]
    Exercise: $243.54Exp: 2031-03-01→ Common Stock (10,047 underlying)
    10,047

  • Non-qualified Stock Option

    [F8][F2]
    Exercise: $337.74Exp: 2032-03-01→ Common Stock (10,579 underlying)
    10,579

  • Notional Stock Units

    [F9][F10]
    → Common Stock (4,134.741 underlying)
    4,134.741
Footnotes (10)
  • [F1]Exercise and sale of expiring stock options.
  • [F10]The notional stock units become payable following the reporting person's separation from service with Gallagher.
  • [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]One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
  • [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]Closing price of Gallagher common stock on February 28, 2025.
  • [F9]Each notional stock unit represents a right to receive one share of Gallagher common stock.
Signature
/s/ Monica Norzagaray, by power of attorney|2026-03-09

Documents

1 file
  • 4
    form4.xmlPrimary

    PRIMARY DOCUMENT