Arthur J. Gallagher (AJG) VP awarded 1,982 phantom stock units under Age 62 Plan

Rhea-AI Filing Summary

Arthur J. Gallagher & Co. reported that Vice President Vishal Jain acquired 1,982.292 units of phantom stock on March 4, 2026 as a grant or award. Each unit of phantom stock represents a right to receive one share of Gallagher common stock. After this award, his holdings in phantom stock total 39,506.268 units. These awards are under the company’s Age 62 Plan, a nonqualified deferred compensation plan, where amounts are deemed invested in company common stock at the executive’s election and vest when participants attain age 62, or after one year for participants who are already at least 61.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Jain Vishal

Role VICE PRESIDENT

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	1,982.292	$227.01	$450K

Holdings After Transaction: Phantom Stock — 39,506.268 shares (Direct)

Footnotes (1)

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

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^*

Jain Vishal

(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)
03/04/2026

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		1,982.292		(2)	(2)	Common Stock	1,982.292	$227.01	39,506.268	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.
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 AJG executive Vishal Jain report?

Vice President Vishal Jain reported acquiring 1,982.292 units of phantom stock on March 4, 2026, as a grant or award. This is a derivative equity-based award tied to Arthur J. Gallagher & Co. common stock under a company compensation plan.

What is the value reference for Vishal Jain’s AJG phantom stock award?

The phantom stock grant to Vishal Jain used a reference price of $227.01 per unit. This figure reflects the price per share used for the award calculation, with each phantom stock unit linked to one share of Arthur J. Gallagher & Co. common stock.

How many AJG phantom stock units does Vishal Jain hold after this grant?

After the March 4, 2026 award, Vishal Jain holds a total of 39,506.268 units of phantom stock. These units are tied to Arthur J. Gallagher & Co. common stock and represent deferred compensation under the company’s Age 62 Plan.

What does each AJG phantom stock unit represent for Vishal Jain?

Each phantom stock unit represents a right to receive one share of Arthur J. Gallagher & Co. common stock. These are bookkeeping entries rather than current stock ownership, providing equity-linked value under the company’s nonqualified deferred compensation structure.

What is Arthur J. Gallagher’s Age 62 Plan mentioned in Vishal Jain’s Form 4?

The Age 62 Plan is a nonqualified deferred compensation plan of Arthur J. Gallagher & Co. Awards can be deemed invested in company common stock at the participant’s election and vest at age 62, or after one year for participants who have already reached age 61.

When do Vishal Jain’s AJG phantom stock awards under the Age 62 Plan vest?

Awards under the Age 62 Plan vest when participants attain age 62, or after a one-year period for participants who have already reached age 61. Vishal Jain’s phantom stock units follow these vesting conditions as part of this deferred compensation program.