Hudson Scott R 4
4 · Arthur J. Gallagher & Co. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Arthur J. Gallagher (AJG) VP Scott R. Hudson Exercises Options & Sells Shares
What Happened Scott R. Hudson, a Vice President of Arthur J. Gallagher & Co. (AJG), had 7,170 performance-based shares vest on March 15, 2026. The filing shows conversion/exercise entries for those awards and a tax withholding where 2,828 shares were surrendered at a per‑share value of $207.93, totaling $588,026. After withholding, the net increase from this vesting was 4,342 shares.
Key Details
- Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely).
- Reported entries: Award/grant (A) 7,170 shares acquired; exercise/conversion (M) entries associated with the award; tax withholding (F) 2,828 shares disposed at $207.93/share = $588,026.
- Net shares received: 7,170 vested − 2,828 withheld = net +4,342 shares.
- Shares owned after the transaction: not reported in the provided excerpt.
- Relevant footnote: F1 — these were performance share units awarded Mar 15, 2023 and earned/vested Mar 15, 2026.
- Transaction codes explained: A = award/grant, M = exercise/conversion of derivative, F = shares withheld/disposed to cover tax liability.
Context
- This was not an open‑market sale for cash; the 2,828‑share disposition was for tax withholding (common when awards vest), not necessarily a signal of portfolio rebalancing.
- For derivative/award transactions, the key takeaways for investors are the vesting and net share increase rather than a market sale.
Insider Transaction Report
Form 4
Hudson Scott R
Vice President
Transactions
- Award
Common Stock (restricted)
[F1]2026-03-15+7,170→ 7,170 total - Exercise/Conversion
Common Stock (restricted)
2026-03-15−7,170→ 0 total - Exercise/Conversion
Common Stock
2026-03-15+7,170→ 93,090 total - Tax Payment
Common Stock
2026-03-15$207.93/sh−2,828$588,026→ 90,262 total
Holdings
- 411.467(indirect: By 401(k))
Common Stock
- 24,370
Non-qualified Stock Option
[F2]Exercise: $86.17Exp: 2027-03-12→ Common Stock (24,370 underlying) - 23,025
Non-qualified Stock Option
[F2]Exercise: $127.90Exp: 2028-03-16→ Common Stock (23,025 underlying) - 15,800
Non-qualified Stock Option
[F3]Exercise: $228.20Exp: 2033-03-01→ Common Stock (15,800 underlying) - 11,480
Non-qualified Stock Option
[F2]Exercise: $158.56Exp: 2029-03-15→ Common Stock (11,480 underlying) - 10,579
Non-qualified Stock Option
[F4][F2]Exercise: $337.74Exp: 2032-03-01→ Common Stock (10,579 underlying) - 10,047
Non-qualified Stock Option
[F5]Exercise: $243.54Exp: 2031-03-01→ Common Stock (10,047 underlying) - 9,558
Non-qualified Stock Option
[F6]Exercise: $177.09Exp: 2030-03-15→ Common Stock (9,558 underlying) - 4,134.741
Notional Stock Units
[F7][F8]→ Common Stock (4,134.741 underlying) - 3,764.121
Phantom Stock
[F9][F10]→ Common Stock (3,764.121 underlying)
Footnotes (10)
- [F1]Performance share units (awarded on March 15, 2023) earned and vested as of March 15, 2026.
- [F10]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.
- [F2]One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- [F3]One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- [F4]Closing price of Gallagher common stock on February 28, 2025.
- [F5]One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- [F6]One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- [F7]Each notional stock unit represents a right to receive one share of Gallagher common stock.
- [F8]The notional stock units become payable following the reporting person's separation from service with Gallagher.
- [F9]Each share of phantom stock represents a right to receive one share of Gallagher common stock.
Signature
/s/ Monica Norzagaray, by power of attorney|2026-03-17