Arthur J. Gallagher (NYSE: AJG) VP receives 14,319 non-qualified stock options

Rhea-AI Filing Summary

Arthur J. Gallagher & Co. reported that Vice President Vishal Jain received a grant of non-qualified stock options on March 1, 2026. The award covers 14,319 options with an exercise price of $0.00 per share, reflecting a compensation-related equity grant rather than an open-market purchase or sale.

According to the award terms, one-third of the stock options becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date, creating a multi-year vesting schedule that ties value realization to continued service and future company performance.

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

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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^*

Jain Vishal

(Last) (First) (Middle)

2850 GOLF ROAD

(Street)

ROLLING MEADOWS IL 60008

(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)
03/01/2026

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
Non-qualified Stock Option	$228.2	03/01/2026		A		14,319		(1)	03/01/2033	Common Stock	14,319	$0	14,319	D

Explanation of Responses:

1. One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.

	/s/ Monica Norzagaray, by power of attorney	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did AJG Vice President Vishal Jain report on this Form 4?

Vishal Jain reported receiving a grant of non-qualified stock options for 14,319 shares. The options were awarded at an exercise price of $0.00 per share, indicating a compensation-related equity award instead of an open-market transaction involving cash payment per share.

When do Vishal Jain’s AJG stock options from this grant become exercisable?

The non-qualified stock options vest in three equal installments. One-third becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the March 1, 2026 grant date, creating a long-term incentive structure tied to continued employment at Arthur J. Gallagher & Co.

How many AJG non-qualified stock options does Vishal Jain hold after this reported transaction?

After this grant, Vishal Jain is shown as holding 14,319 non-qualified stock options. The reported total reflects the derivative securities position following the award and is associated with his role as a Vice President at Arthur J. Gallagher & Co.

Was the AJG Form 4 transaction a buy or sell of common stock by Vishal Jain?

The filing reports an acquisition of derivative securities, not a purchase or sale of common stock in the market. It reflects a grant/award acquisition of non-qualified stock options, coded as an “A” transaction, rather than an open-market buy or sell.

What does the transaction code “A” mean in Vishal Jain’s AJG Form 4 filing?

The transaction code “A” indicates a grant, award, or other acquisition of securities. In this case, it refers to the awarding of 14,319 non-qualified stock options as part of compensation, rather than shares being bought or sold on a stock exchange.