Arthur J. Gallagher (NYSE: AJG) VP awarded 15,800 stock options

Rhea-AI Filing Summary

Arthur J. Gallagher & Co. reported that Vice President Scott R. Hudson acquired a grant of 15,800 non-qualified stock options on March 1, 2026. One-third of this option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date, creating a multi-year vesting schedule that links compensation to longer-term company performance.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hudson Scott R

Role Vice President

Type	Security	Shares	Price	Value
Grant/Award	Non-qualified Stock Option	15,800	$0.00	--

Holdings After Transaction: Non-qualified Stock Option — 15,800 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^*

Hudson Scott R

(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)
	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		15,800		(1)	03/01/2033	Common Stock	15,800	$0	15,800	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.

Remarks:

Ex-24: Power of Attorney.

	/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 for Scott R. Hudson?

Arthur J. Gallagher reported that Vice President Scott R. Hudson received a grant of 15,800 non-qualified stock options. The award reflects equity-based compensation designed to align part of his pay with the company’s future share performance over several years.

How many stock options did AJG Vice President Scott R. Hudson receive?

Scott R. Hudson received 15,800 non-qualified stock options in a single grant. This entire amount was reported as directly owned after the transaction, indicating a new equity-based incentive tied to Arthur J. Gallagher’s long-term share value.

When do Scott R. Hudson’s AJG stock options become exercisable?

One-third of Scott R. Hudson’s 15,800 non-qualified stock options becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date. This staggered schedule encourages longer-term retention and alignment with Arthur J. Gallagher’s multi-year performance.

Was Scott R. Hudson’s AJG Form 4 transaction a purchase or an award?

The Form 4 shows an award, not an open-market purchase. The transaction is coded as a grant or award acquisition of 15,800 non-qualified stock options, reflecting equity compensation rather than Hudson buying existing shares in the market.

Does the AJG Form 4 indicate if Scott R. Hudson’s options are held directly?

Yes. The Form 4 lists Scott R. Hudson’s ownership of the 15,800 non-qualified stock options as direct. There is no footnote indicating a trust, LLC, or other entity, so the options are attributed to him personally under direct ownership.