Employee Stock Purchase Plan
The Employee Stock Purchase Plan (ESPP) gives you a way to become a shareholder and share in the company’s success by purchasing Gallagher stock at a discounted price.
Eligibility and Enrollment
You are eligible to enroll in the ESPP if you are at least 18 years old and are scheduled to work more than 20 hours a week for more than five months of the year. You can enroll in the ESPP for the next calendar quarter (starting dates January 1, April 1, July 1 and October 1) that starts after your date of hire. If you are hired after a quarterly enrollment period closes you must wait for the next enrollment period to join.
How it Works
The ESPP enables eligible employees to purchase up to a maximum of $25,000 (per calendar year) worth of common shares of Gallagher stock at a 5% discount from its Fair Market Value through convenient payroll deductions.
The Employee Stock Purchase Plan is administered by Fidelity Stock Plan Services. Gallagher stock trades on the New York Stock Exchange (NYSE) under the ticker symbol AJG. The discount rate for the purchase of Gallagher stock through this Plan is 5% plus a lookback.
To enroll in the ESPP, visit http://www.netbenefits.fidelity.com or call 800-954-9354 during an enrollment period. Enrollment can only occur during a quarterly enrollment period. The enrollment periods are the first two weeks of the third month of each calendar quarter. An email will be sent from Fidelity the day the enrollment window opens.
Enrollment Period | Payroll Deductions (Offering Period) | Share Purchase Date (Prior Business day if weekend/holiday) | Shares credited to Fidelity Account (First week of month listed below) |
---|---|---|---|
December 1 - 15 | January 1 - March 31 | March 31 | April |
March 1 - 15 | April 1 - June 30 | June 30 | July |
June 1 - 15 | July 1 - September 30 | September 30 | October |
September 1 - 15 | October 1 - December 31 | December 31 | January |
For more information on how the ESPP works please refer to the ESPP Summary Brochure and ESPP Tax Guide for additional information on how the plan works.
Provider details
Benefits Provider
Fidelity
Website
http://www.netbenefits.fidelity.comEmail
AJG_Equity_Compensation@ajg.comCall
800-954-9354
Transition Timeline
View key milestones and dates so you can plan ahead with confidence.