Gallagher (NYSE: AJG) VP exercises 8,450 options, 4,326 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arthur J. Gallagher & Co. vice president Vishal Jain exercised 8,450 non-qualified stock options on common stock at an exercise price of $79.59 per share. The exercise delivered 8,450 common shares, increasing his direct holdings to 67,311.69 shares before related tax handling.
Of these, 4,326 shares of common stock were withheld at $219.195 per share to cover applicable tax obligations and the exercise price for expiring options, leaving Jain with 62,985.69 directly held shares. He also continues to hold phantom stock and multiple non-qualified stock option grants and notional stock units that are each tied to Gallagher common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,450 shares exercised/converted
Mixed
13 txns
Insider
Jain Vishal
Role
VICE PRESIDENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-qualified Stock Option | 8,450 | $0.00 | -- |
| Exercise | Common Stock | 8,450 | $79.59 | $673K |
| Tax Withholding | Common Stock | 4,326 | $219.195 | $948K |
| 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 — 67,311.69 shares (Direct);
Phantom Stock — 39,506.268 shares (Direct);
Notional Stock Units — 5,500.243 shares (Direct);
Common Stock — 491.113 shares (Indirect, Gallagher 401(k) plan account)
Footnotes (1)
- Shares withheld to cover applicable tax obligations and the exercise price relating to the exercise of 7,410 expiring stock options. Grant date of 3/14/2019. 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. Grant date of 3/12/2020. Closing price of Gallagher common stock on February 28, 2025. 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. 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 Arthur J. Gallagher (AJG) vice president Vishal Jain report on this Form 4?
Vishal Jain reported exercising 8,450 non-qualified stock options for Arthur J. Gallagher common stock at an exercise price of $79.59 per share. The filing also shows related share withholding for taxes and updated direct and derivative-based holdings tied to Gallagher stock.
How many Arthur J. Gallagher (AJG) options did Vishal Jain exercise and at what price?
He exercised 8,450 non-qualified stock options for Gallagher common stock at an exercise price of $79.59 per share. This derivative exercise converted option awards into directly held common shares as part of his equity-based compensation arrangements with the company.
What are Vishal Jain’s direct common stock holdings in Arthur J. Gallagher (AJG) after these transactions?
After the option exercise and tax withholding, Vishal Jain directly holds 62,985.69 shares of Arthur J. Gallagher common stock. This reflects his updated position following conversion of 8,450 options and withholding of 4,326 shares to satisfy related tax and exercise obligations.
What derivative and deferred units linked to Arthur J. Gallagher (AJG) does Vishal Jain still hold?
He holds phantom stock representing 39,506.268 underlying shares, several non-qualified stock option grants totaling multiple tranches of underlying shares, and 5,500.2426 notional stock units. Each phantom or notional unit represents a right to receive one Gallagher common share under the company’s plans.