Arthur J. Gallagher (AJG) director granted 194 deferred share units

Rhea-AI Filing Summary

Arthur J. Gallagher & Co. director Christopher C. Miskel acquired 194.081 shares of common stock on June 1, 2026 at a reference price of $206.10 per share. This was a grant under the company’s Director Deferral Plan, converting deferred cash retainers into share units, bringing his direct holdings to 10,641.773 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Miskel Christopher C.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	194.081	$206.10	$40K

Holdings After Transaction: Common Stock — 10,641.773 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares acquired: 194.081 shares Reference price per share: $206.10/share Total shares after transaction: 10,641.773 shares

3 metrics

Shares acquired 194.081 shares Director grant under Director Deferral Plan on June 1, 2026

Reference price per share $206.10/share Reported transaction price for granted common stock

Total shares after transaction 10,641.773 shares Director’s direct holdings following the award

Key Terms

Director Deferral Plan, deferred share units, grant, award, or other acquisition

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.

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

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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^*

Miskel Christopher C.

(Last) (First) (Middle)

2850 GOLF ROAD

(Street)

ROLLING MEADOWS ILLINOIS 60008

(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		194.081(1)	A	$206.1	10,641.773	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)

FAQ

What insider transaction did Arthur J. Gallagher (AJG) disclose for Christopher C. Miskel?

Arthur J. Gallagher disclosed that director Christopher C. Miskel acquired 194.081 shares of common stock. The shares were awarded as part of compensation, not bought on the open market, and relate to his participation in the company’s Director Deferral Plan.

Was the AJG Form 4 transaction by Christopher Miskel an open-market purchase or a grant?

The AJG Form 4 shows a grant-type acquisition, not an open-market purchase. The shares came from a prior election to defer his annual cash retainer into deferred share units under the Director Deferral Plan, which are settled in common stock.

How many Arthur J. Gallagher (AJG) shares did Christopher Miskel acquire in this Form 4 filing?

Christopher Miskel acquired 194.081 shares of AJG common stock. These shares were issued as deferred share units tied to his director cash retainer, rather than through a market trade, and are classified as a grant or award acquisition.

What is Christopher Miskel’s total direct ownership in Arthur J. Gallagher (AJG) after this transaction?

After this transaction, Christopher Miskel directly holds 10,641.773 AJG common shares. This total reflects the newly awarded 194.081 deferred share units added to his existing position and is reported as direct ownership in the Form 4 filing.

How was the transaction price for the AJG director share award reported?

The Form 4 reports a transaction price of $206.10 per share for the 194.081 awarded shares. This figure serves as the reference price for the deferred share units granted under the Director Deferral Plan, rather than a market trade execution price.

What role does Arthur J. Gallagher’s Director Deferral Plan play in this AJG Form 4?

The Director Deferral Plan allowed Christopher Miskel to defer his annual cash retainer into deferred share units. According to the footnote, the 194.081 shares reported were issued under this plan and will be distributed in the form of AJG common stock.