Arthur J. Gallagher (NYSE: AJG) VP receives new phantom stock grant

Rhea-AI Filing Summary

Mead Christopher E reported acquisition or exercise transactions in this Form 4 filing.

Arthur J. Gallagher & Co. vice president Christopher E. Mead received an award of 1,541.782 shares of phantom stock on March 4, 2026. Each phantom stock share represents a right to receive one share of Gallagher common stock. The award was granted under the company’s Age 62 Plan, a nonqualified deferred compensation plan, where units are deemed invested in company common stock at the participant’s election. After this grant, Mead holds a total of 21,803.927 phantom stock units, which vest when participants attain age 62 or, for those already age 61, after a one-year period.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Mead Christopher E

Role VICE PRESIDENT

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	1,541.782	$227.01	$350K

Holdings After Transaction: Phantom Stock — 21,803.927 shares (Direct)

Footnotes (1)

1. 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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mead Christopher E

(Last) (First) (Middle)

2850 GOLF ROAD

(Street)

ROLLING MEADOWS IL 60008-4002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Arthur J. Gallagher & Co. [ AJG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VICE PRESIDENT

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock	(1)	03/04/2026		A		1,541.782		(2)	(2)	Common Stock	1,541.782	$227.01	21,803.927	D

Explanation of Responses:

1. Each share of phantom stock represents a right to receive one share of Gallagher common stock.

2. 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.

	/s/ Monica Norzagaray, by power of attorney	03/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did AJG executive Christopher E. Mead report on this Form 4?

Christopher E. Mead reported receiving an award of 1,541.782 phantom stock shares. These units were granted on March 4, 2026, and increase his total phantom stock holdings to 21,803.927 under Arthur J. Gallagher & Co.’s nonqualified deferred compensation Age 62 Plan.

What is the value reference for the AJG phantom stock granted to Christopher Mead?

The phantom stock award to Christopher Mead is referenced at a transaction price of $227.01 per share. This price is used for reporting purposes as the units are deemed invested in Arthur J. Gallagher & Co. common stock within the company’s Age 62 deferred compensation plan.

How many AJG phantom stock units does Christopher Mead hold after this transaction?

After the March 4, 2026 award, Christopher Mead holds 21,803.927 phantom stock units. These units track Arthur J. Gallagher & Co. common stock and are part of the company’s Age 62 nonqualified deferred compensation plan, subject to the plan’s vesting conditions.

What does phantom stock mean for Arthur J. Gallagher (AJG) executives?

For Arthur J. Gallagher executives, each phantom stock share represents a right to receive one share of Gallagher common stock. Under the Age 62 Plan, these awards are deemed invested in company stock and function as deferred compensation rather than immediate share ownership.

What is the Age 62 Plan mentioned in the AJG Form 4 filing?

The Age 62 Plan is a nonqualified deferred compensation plan of Arthur J. Gallagher & Co. Participants receive awards, such as phantom stock units, that vest when they attain age 62, or after one year if they were already age 61 when granted, following the plan’s terms.

When do Christopher Mead’s AJG phantom stock awards vest under the Age 62 Plan?

Under the Age 62 Plan, participants vest in their awards when they attain age 62. For participants who have already reached age 61 at the time of grant, vesting occurs after a one-year period, according to the plan terms cited in the Form 4 footnotes.