Jain Vishal 4
4 · Arthur J. Gallagher & Co. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Arthur J. Gallagher (AJG) VP Jain Vishal Exercises Units, Withholds 51 Shares
What Happened
Jain Vishal, a Vice President at Arthur J. Gallagher & Co. (AJG), converted/exercised 50.921 deferred/phantom stock units into 50.921 shares and had those same shares withheld to cover employment taxes. The withholding was valued at $215.95 per share, totaling $10,996. This was not an open-market sale or purchase by the insider — it was a routine conversion/vesting and tax-withholding event.
Key Details
- Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (timely filing).
- Conversion/exercise (code M): 50.921 units → 50.921 shares acquired at $215.95 each (total $10,996).
- Tax withholding/payment (code F): 50.921 shares disposed/withheld at $215.95 each to cover taxes (total $10,996).
- A related derivative disposition is reported at $0 reflecting conversion of notional units.
- Shares owned after the transaction: not specified in the filing.
- Notable footnotes: units relate to the Age 62 nonqualified deferred compensation plan; each phantom/notional unit equals one share and becomes payable upon separation or at plan vesting (participants vest at age 62, or earlier in limited cases). Remark confirms the transaction solely reflects share withholding for employment taxes.
Context
This was a conversion/vesting and tax-withholding event (derivative exercise and withholding), not a market sale or buy — a routine administrative transaction common with deferred/phantom stock and nonqualified plans. For retail investors, such withholdings generally do not signal insider sentiment since they are used solely to satisfy tax obligations.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-03-31$215.95/sh+50.921$10,996→ 66,791.611 total - Tax Payment
Common Stock
2026-03-31$215.95/sh−50.921$10,996→ 66,740.69 total - Exercise/Conversion
Phantom Stock
[F1][F2]2026-03-31−50.921→ 39,580.459 total→ Common Stock (50.921 underlying)
- 491.113(indirect: By 401(k))
Common Stock
- 14,319
Non-qualified Stock Option
[F3]Exercise: $228.20Exp: 2033-03-01→ Common Stock (14,319 underlying) - 13,580
Non-qualified Stock Option
[F4]Exercise: $127.90Exp: 2028-03-16→ Common Stock (13,580 underlying) - 10,450
Non-qualified Stock Option
[F4][F5]Exercise: $86.17Exp: 2027-03-12→ Common Stock (10,450 underlying) - 9,950
Non-qualified Stock Option
[F4]Exercise: $158.56Exp: 2029-03-15→ Common Stock (9,950 underlying) - 9,587
Non-qualified Stock Option
[F6][F4]Exercise: $337.74Exp: 2032-03-01→ Common Stock (9,587 underlying) - 8,707
Non-qualified Stock Option
[F7]Exercise: $243.54Exp: 2031-03-01→ Common Stock (8,707 underlying) - 8,284
Non-qualified Stock Option
[F8]Exercise: $177.09Exp: 2030-03-15→ Common Stock (8,284 underlying) - 5,500.243
Notional Stock Units
[F9][F10]Exercise: $0.00→ Common Stock (5,500.243 underlying)
Footnotes (10)
- [F1]Each share of phantom stock represents a right to receive one share of Gallagher common stock.
- [F10]The notional stock units become payable following the reporting person's separation from service with Gallagher.
- [F2]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.
- [F3]One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- [F4]One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- [F5]Grant date of 3/12/2020.
- [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 exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- [F9]Each notional stock unit represents a right to receive one share of Gallagher common stock.