GALLAGHER THOMAS JOSEPH 4

What Happened

• Thomas Joseph Gallagher, President of Arthur J. Gallagher & Co. (AJG), was granted 2,643.055 units of phantom stock on 2026-03-04. The award is valued at $227.01 per share for an aggregate value of $600,000. This is a derivative award (grant), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-04; Form 4 filed 2026-03-06 (filed two days after the transaction; appears timely).
• Type: Grant/Award (code A); derivative phantom stock valued at $227.01 per unit; total value $600,000.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes:
  • F1: Each phantom share represents a right to receive one share of Gallagher common stock.
  • F2: Awards are under the Age 62 Plan (a nonqualified deferred compensation plan) and were deemed invested in company stock by the reporting person; vesting occurs at age 62 (or after a one‑year period for participants who have attained age 61).

Context

• This is a deferred‑compensation phantom stock award — a contractual right to receive company stock (or its value) upon vesting — rather than a purchased stake in the open market. Such awards are common executive compensation and do not necessarily reflect an immediate change in outstanding common shares or indicate a market sentiment trade.