AJG (NYSE: AJG) CFO Douglas Howell granted 20,737 non-qualified stock options

Rhea-AI Filing Summary

Arthur J. Gallagher & Co. reported that its VP & Chief Financial Officer, Douglas K. Howell, received a grant of 20,737 non-qualified stock options. These options were awarded at an exercise price of $0.00 per option, reflecting a compensation grant rather than an open-market purchase.

The filing notes that one-third of the option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date. This structure is designed to vest over time, aligning the executive’s potential equity gains with longer-term company performance.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider HOWELL DOUGLAS K

Role VP & Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Non-qualified Stock Option	20,737	$0.00	--

Holdings After Transaction: Non-qualified Stock Option — 20,737 shares (Direct)

Footnotes (1)

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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^*

HOWELL DOUGLAS K

(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)
	VP & Chief Financial Officer

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		20,737		(1)	03/01/2033	Common Stock	20,737	$0	20,737	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.
* 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 in this Form 4?

Arthur J. Gallagher reported an equity compensation grant to its VP & Chief Financial Officer. Douglas K. Howell received 20,737 non-qualified stock options, awarded at a $0.00 exercise price, increasing his directly held derivative securities as part of his long-term incentive compensation package.

How many stock options did AJG CFO Douglas K. Howell acquire?

Douglas K. Howell acquired 20,737 non-qualified stock options. The transaction is reported as a grant, award, or other acquisition, and all 20,737 options are shown as held directly following the transaction according to the Form 4 insider trading report.

What type of security was granted to the AJG CFO in this Form 4?

The AJG CFO received a grant of non-qualified stock options. These derivative securities provide the right to purchase common shares in the future, subject to vesting and exercise terms described in the filing and associated footnote disclosure.

What is the vesting schedule for the 20,737 AJG stock options granted?

The vesting schedule is spread over three dates. One-third of the 20,737 non-qualified stock options becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date, creating a long-term, time-based vesting structure for the executive.

Does the AJG Form 4 indicate a buy or sell of common shares by the CFO?

The Form 4 does not show a market buy or sell of common shares. It reports an acquisition of 20,737 non-qualified stock options as a grant or award, categorized as a derivative security rather than an open-market stock transaction.

How is the ownership of the granted AJG stock options categorized?

The granted stock options are categorized as held directly by the reporting person. The filing indicates direct ownership with a code of “D,” and lists 20,737 derivative securities owned following the transaction in the Form 4 details.