AJG CEO awarded 7,929 phantom stock units

Arthur J. Gallagher & Co. disclosed that CEO and director J. Patrick Gallagher Jr. acquired 7,929.166 shares of phantom stock on March 4, 2026 as a grant or award.

Rhea-AI Filing Summary

Arthur J. Gallagher & Co. disclosed that CEO and director J. Patrick Gallagher Jr. acquired 7,929.166 shares of phantom stock on March 4, 2026 as a grant or award. Each phantom share represents a right to receive one share of Gallagher common stock.

The award was made under the company’s Age 62 Plan, a nonqualified deferred compensation plan in which amounts are deemed invested in company common stock at the executive’s election. After this transaction, Gallagher Jr. directly holds a total of 143,990.150 phantom stock shares under this plan.

Insider Trade Summary

Grant/Award: 7,929.166 shares

Grant/Award 1 txn

Insider GALLAGHER J PATRICK JR

Role CEO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	7,929.166	$227.01	$1.80M

Holdings After Transaction: Phantom Stock — 143,990.15 contracts (Direct)

Footnotes (2)

1. F1. Each share of phantom stock represents a right to receive one share of Gallagher common stock.
2. F2. 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.

FAQ

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

What insider transaction did Arthur J. Gallagher (AJG) report on this Form 4?

Arthur J. Gallagher & Co. reported that CEO J. Patrick Gallagher Jr. acquired 7,929.166 shares of phantom stock as a grant or award. This increased his directly held phantom stock balance under the company’s compensation arrangements to a total of 143,990.150 shares.

How many phantom stock shares did the AJG CEO receive and at what reference price?

The AJG CEO received 7,929.166 phantom stock shares with a reference price of $227.01 per share. These are derivative award units, not an open-market stock purchase, and they expand his deferred compensation tied to the company’s common stock performance.

What does each phantom stock share represent for Arthur J. Gallagher (AJG)?

Each phantom stock share represents a right to receive one share of Arthur J. Gallagher common stock. The units function as deferred compensation, tracking the value of the company’s stock and ultimately settling in actual shares according to the plan’s terms.

Under which plan was the AJG CEO’s phantom stock award granted?

The phantom stock award was granted under the company’s Age 62 Plan, a nonqualified deferred compensation plan. Awards in this plan are deemed invested in company common stock at the participant’s election, tying executive compensation to future stock performance and retirement timing.

When do participants vest in Arthur J. Gallagher’s Age 62 Plan awards?

Participants vest in Age 62 Plan awards when they attain age 62. For participants who are already at least 61 years old, vesting occurs after a one-year period, aligning these deferred compensation benefits with later-career or pre‑retirement milestones at the company.

How many phantom stock shares does the AJG CEO hold after this transaction?

After this acquisition, the AJG CEO directly holds 143,990.150 phantom stock shares. This total reflects cumulative awards under the company’s compensation arrangements, all tied to the value of Arthur J. Gallagher’s common stock through the phantom stock structure.

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

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Accepted by SEC EDGAR 03/06/2026 - 08:26 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^*

GALLAGHER J PATRICK JR

(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
X	Officer (give title below)		Other (specify below)
	CEO

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		7,929.166		(2)	(2)	Common Stock	7,929.166	$227.01	143,990.15	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.
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