CARY RICHARD C 4
4 · Arthur J. Gallagher & Co. · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
Arthur J. Gallagher (AJG) Controller Cary Richard Receives 472 Shares
What Happened
Cary Richard C, Controller and Chief Accounting Officer of Arthur J. Gallagher & Co. (AJG), received 471.698 shares on March 31, 2026 through the distribution/conversion of vested awards under the company's Age 62 deferred compensation plan. The reported acquisition value for those shares was $101,863. To satisfy withholding for income and employment taxes, 139 shares were withheld (disposed) with an approximate value of $30,017.
Key Details
- Transaction date: 2026-03-31. Acquisition: 471.698 shares at $215.95 (reported value $101,863). Tax withholding: 139 shares at $215.95 (reported $30,017).
- Instrument type: distribution/conversion of deferred compensation awards (phantom stock / notional stock units) under the Age 62 Plan (nonqualified deferred compensation). Footnotes state each phantom/notional unit equals one Gallagher common share.
- Reason: distribution of vested Age 62 Plan awards; shares were withheld to cover applicable taxes (footnotes F1–F3, F6–F7).
- Shares owned after transaction: not specified in this filing.
- Filing timeliness: Report filed 2026-04-01 for a 2026-03-31 transaction (no late filing indicated).
Context
- This was not an open-market buy or sale. It was a non-cash distribution/settlement of deferred compensation (phantom/notional stock units) that converted into company shares; part of the shares were withheld to pay taxes (cashless withholding).
- Such distributions are typically routine settlements of compensation plans and do not by themselves signal a change in insider sentiment.
Insider Transaction Report
Form 4
CARY RICHARD C
Controller, CAO
Transactions
- Exercise/Conversion
Common Stock
2026-03-31$215.95/sh+471.698$101,863→ 50,958.487 total - Tax Payment
Common Stock
[F1]2026-03-31$215.95/sh−139$30,017→ 50,819.487 total - Exercise/Conversion
Phantom Stock
[F2][F3]2026-03-31−471.698→ 160.685 total→ Common Stock (471.698 underlying)
Holdings
- 418.699(indirect: By 401(k))
Common Stock
- 2,349
Non-qualified Stock Option
[F4]Exercise: $127.90Exp: 2028-03-16→ Common Stock (2,349 underlying) - 2,265
Non-qualified Stock Option
[F4]Exercise: $158.56Exp: 2029-03-15→ Common Stock (2,265 underlying) - 1,572
Non-qualified Stock Option
[F5]Exercise: $177.09Exp: 2030-03-15→ Common Stock (1,572 underlying) - 1,219
Non-qualified Stock Option
[F4]Exercise: $86.17Exp: 2027-03-12→ Common Stock (1,219 underlying) - 1,018.466
Notional Stock Units
[F6][F7]→ Common Stock (1,018.466 underlying)
Footnotes (7)
- [F1]The transactions in this report relate solely to the distribution of vested shares under the Age 62 Plan and the withholding of shares to cover applicable income and employment taxes.
- [F2]Each share of phantom stock represents a right to receive one share of Gallagher common stock.
- [F3]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.
- [F4]One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- [F5]One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- [F6]Each notional stock unit represents a right to receive one share of Gallagher common stock.
- [F7]The notional stock units become payable following the reporting person's separation from service with Gallagher.
Signature
/s/ Monica Norzagaray, by power of attorney|2026-04-01