AJG director gains shares via fee deferral

Arthur J. Gallagher & Co. director David S. Johnson reported acquiring 236.536 shares of common stock valued at $206.10 per share.

Rhea-AI Filing Summary

Arthur J. Gallagher & Co. director David S. Johnson reported acquiring 236.536 shares of common stock valued at $206.10 per share. This reflects his prior election under the Company’s Director Deferral Plan to defer his annual cash retainer into deferred share units payable in stock. Following this compensation-related grant, he holds 47,386.554 shares of common stock directly.

Insider Trade Summary

Grant/Award: 236.536 shares

Grant/Award 1 txn

Insider JOHNSON DAVID S

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	236.536	$206.10	$49K

Holdings After Transaction: Common Stock — 47,386.554 shares (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

Shares acquired: 236.536 shares Reported value per share: $206.10 per share Shares held after transaction: 47,386.554 shares

3 metrics

Shares acquired 236.536 shares Grant/award acquisition on 2026-06-01

Reported value per share $206.10 per share Value used for the compensation-related grant

Shares held after transaction 47,386.554 shares Direct ownership following the Form 4 transaction

Key Terms

Director Deferral Plan, deferred share units, annual cash retainer

3 terms

Director Deferral Plan financial

"pursuant to the Company's Director Deferral Plan) to defer the reporting person's annual cash retainer"

A director deferral plan lets board members delay receiving part or all of their pay—typically fees or equity—until a later date, with the deferred amount converted to cash or units that are paid out on a set future date or event. For investors, it signals how a company manages present cash flow and aligns directors’ interests with long-term performance, while creating future payment obligations or possible share dilution when those deferred amounts are settled—like choosing to take a future pension or stock grant instead of a paycheck today.

deferred share units financial

"into deferred share units that will be distributed in the form of the Company's common stock"

Deferred share units are promises that give an executive or director the right to receive company shares or their cash value at a future date, often when they retire or leave the company. Think of them as a paycheck held in a savings account that converts into stock later; they matter to investors because they tie pay to long-term performance, create potential future dilution of shares, and represent a delayed cash or share obligation the company must eventually fulfill.

annual cash retainer financial

"election in a prior year ... to defer the reporting person's annual cash retainer"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Arthur J. Gallagher (AJG) director David S. Johnson report in this Form 4?

Director David S. Johnson reported acquiring 236.536 shares of Arthur J. Gallagher & Co. common stock. The shares were issued as part of his director compensation through a deferral election, rather than an open-market stock purchase.

How many Arthur J. Gallagher (AJG) shares did David S. Johnson receive and at what value?

He received 236.536 shares of common stock, with a reported value of $206.10 per share. This reflects the conversion of deferred cash retainer amounts into share-based compensation under the company’s Director Deferral Plan.

What is the Arthur J. Gallagher Director Deferral Plan mentioned in the Form 4?

The Director Deferral Plan allows directors to elect to defer their annual cash retainer into deferred share units. These units are later distributed in the form of Arthur J. Gallagher & Co. common stock, as shown in this reported acquisition.

Is David S. Johnson’s AJG Form 4 transaction an open-market stock purchase?

No, the transaction is not an open-market purchase. It represents a grant or acquisition of shares resulting from a prior election to defer his annual cash retainer into deferred share units, which are settled in common stock.

How many Arthur J. Gallagher (AJG) shares does David S. Johnson own after this transaction?

After this Form 4 transaction, David S. Johnson directly holds 47,386.554 shares of Arthur J. Gallagher & Co. common stock. This updated total includes the 236.536 shares acquired through the compensation-related deferral arrangement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/02/2026 - 06:13 PM Learn about SEC filing dates

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^*

JOHNSON DAVID S

(Last) (First) (Middle)

2850 GOLF ROAD

(Street)

ROLLING MEADOWS ILLINOIS 60008-4002

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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

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

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

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	06/01/2026		A		236.536(1)	A	$206.1	47,386.554	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.

	/s/ Monica Norzagaray, by power of attorney	06/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)