VP Mead nets 4,000 Arthur J. Gallagher (NYSE: AJG) sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arthur J. Gallagher & Co. vice president Christopher E. Mead reported an option exercise and share sale. On March 5, 2026 he exercised 4,000 non-qualified stock options, acquiring 4,000 common shares at $79.59 per share, then sold 4,000 common shares in open-market transactions at a weighted-average price of $227.118 per share, with individual trades ranging from $227.050 to $227.580. After these transactions, he directly owned 19,305.7322 common shares and also held additional interests through phantom stock, notional stock units and multiple non-qualified stock option awards, plus 491.098 common shares indirectly through a Gallagher 401(k) plan account.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,000 shares ($908,472)
Net Sell
13 txns
Insider
Mead Christopher E
Role
VICE PRESIDENT
Sold
4,000 shs ($908K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-qualified Stock Option | 4,000 | $0.00 | -- |
| Exercise | Common Stock | 4,000 | $79.59 | $318K |
| Sale | Common Stock | 4,000 | $227.118 | $908K |
| holding | Phantom Stock | -- | -- | -- |
| holding | Non-qualified Stock Option | -- | -- | -- |
| holding | Non-qualified Stock Option | -- | -- | -- |
| holding | Non-qualified Stock Option | -- | -- | -- |
| holding | Non-qualified Stock Option | -- | -- | -- |
| holding | Non-qualified Stock Option | -- | -- | -- |
| holding | Non-qualified Stock Option | -- | -- | -- |
| holding | Non-qualified Stock Option | -- | -- | -- |
| holding | Notional Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-qualified Stock Option — 0 shares (Direct);
Common Stock — 23,305.732 shares (Direct);
Phantom Stock — 21,803.927 shares (Direct);
Notional Stock Units — 1,982.831 shares (Direct);
Common Stock — 491.098 shares (Indirect, Gallagher 401(k) plan account)
Footnotes (1)
- Exercise and sale of expiring stock options. The price reported is an average weighted price. The shares were sold in multiple transactions at prices ranging from $$227.050 - $227.580. The reporting person will provide to the Securities and Exchange Commission staff, the issuer, or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date. Each share of phantom stock represents a right to receive one share of Gallagher common stock. 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. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date. Closing price of Gallagher common stock on February 28, 2025. Each notional stock unit represents a right to receive one share of Gallagher common stock. The notional stock units become payable following the reporting person's separation from service with Gallagher.
FAQ
What did AJG executive Christopher Mead report in this Form 4?
Christopher Mead reported exercising 4,000 non-qualified stock options and selling 4,000 Arthur J. Gallagher & Co. common shares. The filing also updates his remaining direct holdings, option awards, phantom stock, notional stock units, and 401(k) plan shares linked to company stock.
At what price did Christopher Mead exercise his AJG stock options?
He exercised 4,000 non-qualified stock options to acquire 4,000 Arthur J. Gallagher common shares at $79.59 per share. This option exercise was associated with expiring stock options, according to the Form 4 footnote describing the nature of the transaction.
What are phantom stock and notional stock units in Mead’s AJG holdings?
Phantom stock and notional stock units each represent rights to receive one share of Arthur J. Gallagher common stock. The phantom stock relates to an Age 62 Plan, while the notional stock units become payable after Mead’s separation from service with the company.
Does this AJG Form 4 show routine compensation activity or open-market buying?
The Form 4 primarily shows routine compensation-related activity, including the exercise of 4,000 non-qualified stock options and the sale of the resulting 4,000 shares. It also updates outstanding equity-based awards and plan-related holdings rather than disclosing open-market share purchases.