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Arthur J. Gallagher & Co.·4

Apr 2, 4:48 PM ET

GALLAGHER THOMAS JOSEPH 4

4 · Arthur J. Gallagher & Co. · Filed Apr 2, 2026

Research Summary

AI-generated summary of this filing

Updated

Arthur J. Gallagher (AJG) President Thomas Gallagher Exercises Options

What Happened

  • Thomas Joseph Gallagher, President of Arthur J. Gallagher & Co. (AJG), exercised/converted a derivative position on March 31, 2026 that resulted in 76.382 shares being acquired at an implied price of $215.95 per share (total value ≈ $16,495). The company withheld the same 76.382 shares to satisfy employment tax withholding obligations related to the vesting/conversion; no open-market sale was reported.

Key Details

  • Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (timely).
  • Exercise/conversion (code M): 76.382 shares @ $215.95 — acquired; total ≈ $16,495.
  • Tax withholding (code F): 76.382 shares @ $215.95 — withheld/disposed to cover taxes; total ≈ $16,495.
  • A separate line shows the derivative converted/removed (reported as disposed @ $0) reflecting the conversion of the derivative into stock.
  • Shares owned after transaction: not specified in this filing.
  • Notable footnotes/remark: filing disclaims beneficial ownership of the shares (F1); transaction relates solely to withholding of shares to cover employment taxes with respect to vesting under the Age 62 Plan.

Context

  • This was a routine conversion/withholding event rather than an open-market sale or purchase. The equal numbers acquired and withheld indicate a cashless/tax-withholding settlement tied to vested awards, which is common for executive deferred-compensation or option exercises and does not necessarily signal a change in insider sentiment.

Insider Transaction Report

Form 4
Period: 2026-03-31
Arthur J. Gallagher & Co.AJG
GALLAGHER THOMAS JOSEPH
President
Transactions
  • Exercise/Conversion

    Common Stock

    2026-03-31$215.95/sh+76.382$16,495→ 323,467.462 total
  • Tax Payment

    Common Stock

    2026-03-31$215.95/sh−76.382$16,495→ 323,391.08 total
  • Exercise/Conversion

    Phantom Stock

    [F3][F4]
    2026-03-31−76.382→ 20,214.46 total
    → Common Stock (76.382 underlying)
Holdings

  • Common Stock

    (indirect: By Trust)
    62,295

  • Common Stock

    (indirect: By Trust)
    96,709

  • Common Stock

    (indirect: By Spouse)
    31,988

  • Common Stock

    [F1][F2]
    (indirect: By Trust)
    119,703

  • Common Stock

    (indirect: By 401(k))
    491.14

  • Non-qualified Stock Option

    [F5]
    Exercise: $127.90Exp: 2028-03-16→ Common Stock (32,895 underlying)
    32,895

  • Non-qualified Stock Option

    [F5]
    Exercise: $86.17Exp: 2027-03-12→ Common Stock (31,340 underlying)
    31,340

  • Non-qualified Stock Option

    [F6]
    Exercise: $228.20Exp: 2033-03-01→ Common Stock (22,219 underlying)
    22,219

  • Non-qualified Stock Option

    [F5]
    Exercise: $158.56Exp: 2029-03-15→ Common Stock (15,310 underlying)
    15,310

  • Non-qualified Stock Option

    [F7]
    Exercise: $243.54Exp: 2031-03-01→ Common Stock (15,070 underlying)
    15,070

  • Non-qualified Stock Option

    [F8][F5]
    Exercise: $337.74Exp: 2032-03-01→ Common Stock (14,876 underlying)
    14,876

  • Non-qualified Stock Option

    [F9]
    Exercise: $177.09Exp: 2030-03-15→ Common Stock (12,744 underlying)
    12,744

  • Notional Stock Units

    [F10][F11]
    Exercise: $0.00→ Common Stock (11,445.749 underlying)
    11,445.749
Footnotes (11)
  • [F1]The reporting person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
  • [F10]Each notional stock unit represents a right to receive one share of Gallagher common stock.
  • [F11]Portions of these notional stock units are payable to the reporting person in shares of common stock in July of 2025 and 2026 and following the reporting person's separation from service.
  • [F2]These shares are held in trusts, for the benefit of the reporting person's children, of which his wife is a trustee.
  • [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 exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
  • [F6]One-third of this stock option becomes exerciseable 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]One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
Signature
/s/ Monica Norzagaray, by power of attorney|2026-04-02

Documents

1 file
  • 4
    form4.xmlPrimary

    PRIMARY DOCUMENT