Arthur J. Gallagher (AJG) VP awarded 13,167 non-qualified stock options

Rhea-AI Filing Summary

Pesch Michael Robert reported acquisition or exercise transactions in this Form 4 filing.

Arthur J. Gallagher & Co. reported that Vice President Michael Robert Pesch received a grant of 13,167 non-qualified stock options on the company’s stock. The options carry a grant price of $0.00 per option and increase his directly held derivative position to 13,167 options. One-third of this option award becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date, creating a multi-year, time-based vesting schedule tied to continued service.

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^*

Pesch Michael Robert

(Last) (First) (Middle)

2850 GOLF ROAD

(Street)

ROLLING MEADOWS IL 60008

(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)
	Vice President

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		13,167		(1)	03/01/2033	Common Stock	13,167	$0	13,167	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.
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FAQ

What insider transaction did Arthur J. Gallagher (AJG) report for Michael Robert Pesch?

Arthur J. Gallagher reported that Vice President Michael Robert Pesch received a grant of 13,167 non-qualified stock options. The award was reported as an acquisition at a grant price of $0.00, increasing his directly held derivative holdings to 13,167 options after the transaction.

How many stock options did AJG Vice President Michael Pesch acquire in this Form 4?

Michael Robert Pesch acquired 13,167 non-qualified stock options in this transaction. These options were granted at a per-option price of $0.00, and following the grant, his directly held derivative position totals 13,167 options according to the Form 4 disclosure.

What is the vesting schedule for Michael Pesch’s 13,167 AJG stock options?

The 13,167 non-qualified stock options vest over three future anniversaries of the grant date. One-third of the option award becomes exercisable on each of the 3rd, 4th, and 5th anniversaries, creating a long-term vesting structure tied to ongoing service with Arthur J. Gallagher.

Was the AJG Form 4 transaction for Michael Pesch a purchase or an award?

The transaction was reported as a grant or award acquisition, not an open-market purchase. The Form 4 classifies it under code “A” for grant, award, or other acquisition, with a transaction price of $0.00 per option for 13,167 non-qualified stock options.

How is ownership characterized for Michael Pesch’s new AJG stock options?

Ownership of the 13,167 non-qualified stock options is reported as direct. The Form 4 lists the ownership type as “D” for direct, with no indication of indirect entities or separate voting or investment authority, and no footnote disclaiming beneficial ownership.

What does the Form 4 say about Michael Pesch’s total AJG options after the grant?

After the grant of 13,167 non-qualified stock options, Michael Robert Pesch’s total directly held derivative position in these options is 13,167. The Form 4 shows this as the number of derivative securities beneficially owned following the reported acquisition transaction.