Arthur J. Gallagher (AJG) VP details Age 62 Plan stock moves
Rhea-AI Filing Summary
Arthur J. Gallagher & Co. vice president reported equity transactions dated 01/01/2026 related to company stock and deferred compensation. The filing shows 954.69 shares of common stock acquired at $0 under a phantom stock/Age 62 Plan distribution, coded as an exercise or conversion (code M). It also reports 259 shares of common stock disposed of at $258.79 per share, coded as a tax withholding transaction (code F). After these transactions, the officer directly owned 58,418.69 shares of common stock and held additional shares through a Gallagher 401(k) plan account.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock | 954.69 | $0.00 | -- |
| Exercise | Common Stock | 954.69 | $0.00 | -- |
| Tax Withholding | Common Stock | 259 | $258.79 | $67K |
| 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 | -- | -- | -- |
Footnotes (1)
- In the past, Common Stock and Common Stock (Restricted) were reported as two separate line items. In the future, they will be reported as a combined total as is stated on this Form. 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. Grant date of 3/12/2020. One-third of this stock option becomes exerciseable 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. 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.
FAQ
What insider transaction did Arthur J. Gallagher (AJG) report on 01/01/2026?
The vice president of Arthur J. Gallagher & Co. reported transactions dated 01/01/2026 involving common stock acquired and shares withheld to cover taxes tied to an Age 62 Plan award distribution.
What is the Age 62 Plan mentioned in the Arthur J. Gallagher (AJG) filing?
The Age 62 Plan is described as a nonqualified deferred compensation plan whose awards are deemed invested in company common stock at the participant’s election. Participants vest when they attain age 62, or after one year if they are already at least 61.
What derivative awards does the Arthur J. Gallagher (AJG) officer hold?
The filing lists multiple non-qualified stock options on AJG common stock with exercise prices ranging from $79.59 to $337.74 and expirations from 03/14/2026 through 03/01/2032, along with 4,898.537 notional stock units and 37,264.943 shares of phantom stock.
What do the notional stock units and phantom stock represent for Arthur J. Gallagher (AJG)?
Each notional stock unit and each share of phantom stock represents a right to receive one share of AJG common stock. The notional stock units become payable after the reporting person’s separation from service, and the phantom stock relates to awards under the Age 62 Plan.