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Arthur J. Gallagher & Co.·4

Mar 17, 9:39 PM ET

HOWELL DOUGLAS K 4

Research Summary

AI-generated summary

Updated

Arthur J. Gallagher (AJG) CFO Douglas K. Howell Exercises Options, Sells Shares

What Happened

  • Douglas K. Howell, CFO of Arthur J. Gallagher & Co. (AJG), exercised stock options and had performance/share awards vest in mid‑March 2026. On 2026-03-13 he acquired 14,100 shares by exercising options (exercise price $79.59; cash paid $1,122,219) and on 2026-03-15 9,082 performance/share units vested and converted to shares. To cover taxes and withholding obligations, a total of 12,503 shares were surrendered: 8,638 shares on 3/13 (proceeds reported $1,796,099) and 3,865 shares on 3/15 (proceeds $803,649), about $2.60M in gross value.

Key Details

  • Filing date: March 17, 2026; transaction dates reported: March 13 and March 15, 2026. No late‑filing flag is indicated in the provided data.
  • Major line items:
    • 3/13/2026: Exercised 14,100 options @ $79.59 (acquired) — exercise cost $1,122,219.
    • 3/13/2026: 8,638 shares withheld/surrendered for tax (F) @ $207.93 — $1,796,099.
    • 3/15/2026: 9,082 performance share units awarded/converted (A / M) @ $0 — vested award (see F1).
    • 3/15/2026: 3,865 shares withheld/surrendered for tax (F) @ $207.93 — $803,649.
  • Total shares converted/acquired (per these entries): 23,182 (14,100 options + 9,082 vested units). Total shares withheld for taxes: 12,503, total proceeds ≈ $2,599,748.
  • Shares owned after the reported transactions: not specified in the supplied excerpt.
  • Relevant footnotes: F1 = performance share units awarded March 15, 2023, earned and vested March 15, 2026; F3 = expiring stock options auto‑exercised under the Long‑Term Incentive Plan; code F indicates shares withheld to satisfy tax liabilities.

Context

  • These filings show an option exercise and the vesting/conversion of performance units with shares surrendered to cover tax withholding (payment code F). That pattern (exercise/vesting + share withholding) is common for executives meeting tax obligations and does not by itself signal a change in insider sentiment. For clarity: M = exercise/conversion of derivative (options/units), A = grant/award, and F = payment of exercise price or tax liability (share withholding).