Arthur J. Gallagher (NYSE: AJG) director boosts holdings via 198 deferred share units

Rhea-AI Filing Summary

Arthur J. Gallagher & Co. director reported a routine acquisition of company stock under a compensation plan. On 12/01/2025, the director acquired 198.09 deferred share units of common stock at $246.1 per share, bringing total beneficial ownership to 45,822.714 shares held directly.

The filing explains that this acquisition resulted from the director’s prior election under the Company’s Director Deferral Plan to defer the annual cash retainer into deferred share units, which are paid quarterly and will ultimately be distributed in shares of Arthur J. Gallagher & Co. common stock. The report is filed by a single reporting person in the capacity of director.

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^*

JOHNSON DAVID S

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/01/2025

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
Common Stock	12/01/2025		A		198.09(1)	A	$246.1	45,822.714	D

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

Explanation of Responses:

1. This acquisition resulted from the reporting person's election in a prior year (pursuant to the Company's Director Deferral Plan) to defer the reporting person's annual cash retainer, which the Company pays on a quarterly basis, into deferred share units that will be distributed in the form of the Company's common stock.

Remarks:

Exhibit List: Ex-24: Power of Attorney.

	/s/ Monica Norzagaray, by power of attorney	12/03/2025
	** 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.
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FAQ

What did Arthur J. Gallagher (AJG) disclose in this Form 4 filing?

The filing reports that a director of Arthur J. Gallagher & Co. acquired additional common stock through deferred share units under the Company’s Director Deferral Plan.

How many Arthur J. Gallagher (AJG) shares were acquired in this transaction?

The director acquired 198.09 deferred share units of Arthur J. Gallagher & Co. common stock on 12/01/2025.

What is the total beneficial ownership after the reported AJG transaction?

After the transaction, the director beneficially owns 45,822.714 shares of Arthur J. Gallagher & Co. common stock, held directly.

What price per share is associated with the AJG deferred share units?

The deferred share units were valued at $246.1 per share in this reported transaction.

Why did the Arthur J. Gallagher (AJG) director receive deferred share units instead of cash?

The director had previously elected, under the Director Deferral Plan, to defer the annual cash retainer into deferred share units that are credited quarterly and later distributed in AJG common stock.

Is this AJG Form 4 filed for one or multiple reporting persons?

The document states that the Form is filed by one reporting person, who serves as a director of Arthur J. Gallagher & Co.