Miskel Christopher C. 4

What Happened

• Christopher C. Miskel, a director of Arthur J. Gallagher & Co. (AJG), received 175.285 shares on March 1, 2026. The shares were recorded at $228.20 per share, for a total value of approximately $40,000. The transaction is coded as an acquisition/award (A) rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-03-01 at $228.20 per share, total ~ $40,000.
• Transaction type: A (grant/award or other acquisition).
• Shares received: 175.285 common shares.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The shares were issued pursuant to the Company’s Director Deferral Plan — the director had elected in a prior year to defer his annual cash retainer into deferred share units that are distributed in common stock (per filing footnote F1).
• Filing timeliness: Report filed 2026-03-02 for a 2026-03-01 transaction (filed promptly).

Context

• This was a routine director compensation distribution under a deferral plan, not a market purchase or sale. Such awards reflect compensation mechanics (conversion of deferred cash into shares) and are generally administrative rather than a direct signal of the insider’s view on the stock.