Arthur J. Gallagher & Co. Chief Human Resources Officer Susan E. Pietrucha filed a Form 4 on November 10, 2026, disclosing the exercise of non-qualified stock options and the same-day sale of 15,020 shares of common stock on November 9, 2026.

Key Highlights

  • Option exercise: Pietrucha acquired 15,020 shares via exercise of non-qualified stock options at a conversion price of $86.17 per share on November 9, 2026.
  • Sale transaction: All 15,020 acquired shares were sold the same day at a reported weighted average price of $282.301 per share, with individual transactions ranging from $282.08 to $282.575.
  • Direct ownership after transactions: Pietrucha directly held 16,791.2383 shares of common stock following the reported transactions.
  • Indirect holdings: An additional 367.312 shares are held indirectly through a Gallagher 401(k) plan account.
  • Exercised options expiry: According to the filing, this report relates to the exercise and sale of stock options expiring in March 2027.
  • Remaining derivative holdings: Pietrucha continues to hold, among other instruments, 101,300.299 phantom stock units, 15,324.048 notional stock units, and multiple tranches of non-qualified stock options totaling tens of thousands of underlying shares.

Pietrucha's November 2026 Option Exercise and Sale at Arthur J. Gallagher

According to the Form 4 filed with the SEC on November 10, 2026, Susan E. Pietrucha, Chief Human Resources Officer of Arthur J. Gallagher & Co. (NYSE:AJG), executed a same-day exercise-and-sell transaction on November 9, 2026. She acquired 15,020 shares of common stock through the exercise of non-qualified stock options at an exercise price of $86.17 per share, then disposed of all 15,020 shares. The filing states that the sale price is a weighted average of $282.301 per share, with individual transactions occurring at prices ranging from $282.08 to $282.575. The filing notes that full information on the number of shares sold at each price is available upon request to the SEC, the issuer, or any security holder.

Following these transactions, the filing reports Pietrucha's direct beneficial ownership at 16,791.2383 shares of common stock, reduced from 31,811.2383 shares before the sale. She also indirectly holds 367.312 shares through a Gallagher 401(k) plan account. The exercised options, now fully disposed of, had been set to expire in March 2027, and the filing remarks that this report specifically relates to their exercise and sale.

The filing also details Pietrucha's remaining derivative holdings. These include non-qualified stock options with exercise prices ranging from $127.90 to $337.74, phantom stock representing 101,300.299 units under the company's Age 62 Plan, and 15,324.048 notional stock units, each representing a right to receive one share of Gallagher common stock. The phantom stock awards vest when participants attain age 62, or after a one-year period for those who have reached age 61, according to the filing.

What Was Disclosed

The filing discloses a same-day exercise and sale of 15,020 non-qualified stock options by Pietrucha on November 9, 2026, at a weighted average sale price of $282.301, leaving her with 16,791.2383 shares held directly and 367.312 shares held indirectly through a 401(k) account.