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Arthur J. Gallagher & Co.·4

Mar 24, 6:40 PM ET

Gallagher Patrick Murphy 4

4 · Arthur J. Gallagher & Co. · Filed Mar 24, 2026

Research Summary

AI-generated summary of this filing

Updated

Arthur J. Gallagher (AJG) COO Patrick Murphy Acquires 1,444 Shares

What Happened

  • Patrick Murphy, Chief Operating Officer of Arthur J. Gallagher & Co. (AJG), reported a discretionary allocation on 2026-03-20 in which $310,357.10 of his assets in the company’s Supplemental Savings and Thrift Plan were moved into the investment option representing AJG common stock. That allocation was recorded as the acquisition of 1,444.731 shares at an attributed price of $214.82/share (value reported $310,357).
  • The filing also reports a 2026-03-23 gift of 704 shares into trusts for the benefit of his children (reported as both disposed and acquired in the filing), with footnotes indicating trusts and trustee arrangements. Gifts are transfers and do not necessarily signal a change in market sentiment.

Key Details

  • Primary transaction date: 2026-03-20 (discretionary transfer into company stock investment option). Report filed: 2026-03-24.
  • Acquired: 1,444.731 shares at $214.82/share; reported value $310,357.10 (footnote F5 explains the source was his deferred savings plan).
  • Gift: 704 shares reported 2026-03-23; held in trusts for children; wife is sole trustee (footnote F1).
  • Shares owned after the transactions: not specified in the information provided on the Form 4 excerpt.
  • Notable footnotes: F5 (amount moved from Supplemental Savings and Thrift Plan into AJG stock investment option); F1 (shares held in trusts for children).
  • Filing timeliness: Form 4 filed 3/24/2026 for a 3/20/2026 transaction. No explicit late-filing flag was provided in the data shown; investors may review the official filing for any timeliness notes.

Context

  • This was an internal reallocation within a nonqualified deferred compensation/savings plan (not an open-market purchase). Such plan transfers are commonly reported as “acquisitions” but represent an election to hold the plan assets in company stock.
  • The 704-share gift is a transfer to family trusts; gifts are administrative/estate-planning actions and do not necessarily reflect buying or selling intent.
  • For retail investors: purchases or allocations into company stock by executives can be informative, but internal plan moves differ from open-market buys and should be weighed with other insider activity and company fundamentals.

Insider Transaction Report

Form 4
Period: 2026-03-20
Arthur J. Gallagher & Co.AJG
Gallagher Patrick Murphy
Chief Operating Officer
Transactions
  • Gift

    Common Stock

    2026-03-23−704→ 14,071.664 total
  • Gift

    Common Stock

    [F1]
    2026-03-23+704→ 11,264 total(indirect: By Trust)
  • Discretionary Transaction

    Notional Stock Units

    [F4][F5][F6][F7]
    2026-03-20$214.82/sh+1,444.731$310,357→ 2,351.803 total
    → Common Stock (1,444.731 underlying)
Holdings

  • Common Stock

    (indirect: By 401(k))
    491.136

  • Common Stock

    [F2]
    (indirect: By Trust)
    77,062

  • Common Stock

    (indirect: By Trust)
    83,407.25

  • Common Stock

    [F3]
    (indirect: By Trust)
    21,032

  • Common Stock

    (indirect: By Trust)
    55,109

  • Non-qualified Stock Option

    [F8]
    Exercise: $228.20Exp: 2033-03-01→ Common Stock (17,775 underlying)
    17,775

  • Phantom Stock

    [F9][F10]
    → Common Stock (17,660.851 underlying)
    17,660.851

  • Non-qualified Stock Option

    [F11][F12]
    Exercise: $337.74Exp: 2032-03-01→ Common Stock (11,901 underlying)
    11,901

  • Non-qualified Stock Option

    [F13]
    Exercise: $243.54Exp: 2031-03-01→ Common Stock (11,386 underlying)
    11,386

  • Non-qualified Stock Option

    [F12][F14]
    Exercise: $127.90Exp: 2028-03-16→ Common Stock (7,255 underlying)
    7,255

  • Non-qualified Stock Option

    [F12][F15]
    Exercise: $86.17Exp: 2027-03-12→ Common Stock (6,270 underlying)
    6,270

  • Non-qualified Stock Option

    [F16]
    Exercise: $177.09Exp: 2030-03-15→ Common Stock (6,160 underlying)
    6,160

  • Non-qualified Stock Option

    [F12][F17]
    Exercise: $158.56Exp: 2029-03-15→ Common Stock (5,510 underlying)
    5,510

  • Phantom Stock

    [F9][F18]
    → Common Stock (3,804.562 underlying)
    3,804.562
Footnotes (18)
  • [F1]Shares held in trusts, for the benefit of the reporting person's children, of which his wife is sole trustee.
  • [F10]These shares represent awards under the Age 62 Plan, a nonqualified deferred compensation plan of the Company, which have been deemed invested in Company common stock at the election of the reporting person. Participants vest in these awards when they attain age 62, or after a one-year period for participants who have attained age 61.
  • [F11]Closing price of Gallagher common stock on February 28, 2025.
  • [F12]One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
  • [F13]One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
  • [F14]Grant date of 3/16/2021.
  • [F15]Grant date of 3/12/2020.
  • [F16]One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
  • [F17]Grant date of 3/15/2022.
  • [F18]These shares represent awards under the Deferred Cash Participation Plan, a nonqualified deferred compensation plan of the Company, which have been deemed invested in Company common stock at the election of the participant. These awards are payable in a lump sum on the six-month anniversary of the reporting person's separation from service.
  • [F2]Shares held in a revocable trust and an irrevocable trust of which the reporting person's spouse is sole Trustee and as to which he disclaims beneficial ownership
  • [F3]Shares held in trust for the benefit of the reporting person's children, of which he is a trustee.
  • [F4]Each notional stock unit represents a right to receive one share of Gallagher common stock.
  • [F5]The reporting person moved $310,357.10 in assets that he holds in the company's Supplemental Savings and Thrift Plan, a nonqualified deferred compensation plan, into the investment option representing Gallagher common stock, which is a discretionary transaction by the reporting person.
  • [F6]The notional stock units become payable following the reporting person's separation from service with Gallagher.
  • [F7]The notional stock units become payable following the reporting person's separation from service with Gallagher.
  • [F8]One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
  • [F9]Each share of phantom stock represents a right to receive one share of Gallagher common stock.
Signature
/s/ Monica Norzagaray, by power of attorney|2026-03-24

Documents

1 file
  • 4
    form4.xmlPrimary

    PRIMARY DOCUMENT