Gallagher Patrick Murphy 4

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.