Hudson Scott R 4

What Happened

• Scott R. Hudson, Vice President of Arthur J. Gallagher & Co. (AJG), was granted 2,202.546 units of phantom stock on 2026-03-04. The award is reported at a grant value of $227.01 per unit, totaling $500,000. The transaction is an award/grant (Derivate instrument), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (appears to be timely).
• Award: 2,202.546 phantom stock units at $227.01 each; total reported value $500,000.
• Filing reports a derivative award (not actual shares immediately delivered).
• Shares owned after transaction: not disclosed in the provided filing.
• Transaction code: A (award/grant); instrument noted as Derivative.
• Footnotes: (1) Each phantom stock unit represents a right to receive one share of Gallagher common stock. (2) These awards are under the Age 62 Plan, a nonqualified deferred compensation plan; participants vest at age 62 (or after one year for participants who have attained age 61).

Context

• This grant is a deferred/phantom stock award, meaning Hudson has a right to receive shares (or equivalent value) in the future rather than receiving company stock immediately. Such awards are compensation/deferred-pay related and do not necessarily signal near-term buying or selling intent.