AJG (NYSE: AJG) VP receives 1,321 phantom stock units in Age 62 Plan award

Rhea-AI Filing Summary

Pesch Michael Robert reported acquisition or exercise transactions in this Form 4 filing.

Arthur J. Gallagher & Co. Vice President Michael Robert Pesch received an award of 1,321.528 shares of phantom stock on March 4, 2026. Each phantom stock share represents a right to receive one share of Gallagher common stock. Following this grant, he holds 49,197.003 phantom stock shares directly.

These phantom stock shares are awarded under the Company’s Age 62 Plan, a nonqualified deferred compensation plan. Awards under this plan are deemed invested in Company common stock at the participant’s election and vest when participants attain age 62, or after one year for participants who have already attained age 61.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Pesch Michael Robert

Role Vice President

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	1,321.528	$227.01	$300K

Holdings After Transaction: Phantom Stock — 49,197.003 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
Estimated average burden
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^*

Pesch Michael Robert

(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)
03/04/2026

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		1,321.528		(2)	(2)	Common Stock	1,321.528	$227.01	49,197.003	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 insider transaction did Arthur J. Gallagher (AJG) report for Michael Robert Pesch?

Arthur J. Gallagher reported that Vice President Michael Robert Pesch acquired 1,321.528 shares of phantom stock on March 4, 2026. This was a grant or award transaction, increasing his directly held phantom stock balance to 49,197.003 shares under the company’s deferred compensation arrangements.

What is the nature of the phantom stock awarded to the AJG executive?

Each phantom stock share awarded to the AJG executive represents a right to receive one share of Gallagher common stock. The award is part of a nonqualified deferred compensation structure and is deemed invested in company common stock at the reporting person’s election under the Age 62 Plan.

How many phantom stock shares does the AJG executive hold after this Form 4 transaction?

After this Form 4 transaction, the AJG executive directly holds 49,197.003 phantom stock shares. This total reflects the addition of 1,321.528 newly granted phantom stock shares, which were recorded at a reference price of $227.01 per share on March 4, 2026.

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. Under this plan, awards are deemed invested in company common stock at the participant’s election and vest when participants reach age 62, or after one year for those already at least 61.

When do the AJG phantom stock awards under the Age 62 Plan vest?

Phantom stock awards under AJG’s Age 62 Plan vest when participants attain age 62. For participants who have already reached age 61, the awards vest after a one-year period, aligning vesting with age-based milestones defined in the nonqualified deferred compensation plan.