Gallagher Patrick Murphy 4

What Happened

• Patrick Murphy, Chief Operating Officer of Arthur J. Gallagher & Co. (AJG), received a grant of 1,541.782 phantom shares on March 4, 2026. The award is reported at a per-share value of $227.01 for a total grant value of $350,000. This was an award/grant (derivative) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-04; Filing date: 2026-03-06 (timely filing).
• Transaction type/code: Award/Grant (A); reported as a derivative grant.
• Number of phantom shares granted: 1,541.782 at $227.01 each; total value $350,000.
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Footnote highlights:
  • Each phantom share represents a right to receive one share of Gallagher common stock (F1).
  • The award is under the Age 62 Plan, a nonqualified deferred compensation plan; participants vest at age 62 (or after a one‑year period for participants already age 61) (F2).

Context

• This is a deferred-compensation phantom stock award, meaning Murphy has a right to receive company shares (or their cash value) in the future if/when vesting conditions are met; it is not an immediate cash sale or open-market purchase. Such awards are common executive compensation and do not by themselves indicate buying or selling intent.