GALLAGHER THOMAS JOSEPH 4

What Happened

• Thomas J. Gallagher, President of Arthur J. Gallagher & Co. (AJG), reported multiple gift transactions dated March 23, 2026. The filing shows dispositions (gifts out) of 1,232 shares and acquisitions (gifts in) of 528 shares, all at $0.00 per share. The net effect is a net transfer out of 704 shares (1,232 disposed − 528 acquired). No cash changed hands in these transactions.

Key Details

• Transaction date: March 23, 2026; Form 4 filed March 24, 2026 (timely).
• Reported prices: $0.00 per share (gifts); total cash value reported: $0.
• Breakdown: dispositions of 264, 528, 264 and 176 shares; acquisitions of 264 and 264 shares.
• Shares owned after the transactions: not specified in this filing.
• Notable footnotes: F1 — the reporting person disclaims beneficial ownership of these shares; F2 — the shares are held in trusts for the reporting person’s children, with his wife as trustee.
• Transaction code: G = Gift. This is not a market sale or purchase.

Context

• Gifts are typically estate-planning or family transfers and do not necessarily signal the insider’s view of the stock’s near-term prospects. The presence of F1 and F2 indicates transfers to family trusts and a disclaimer of beneficial ownership, which may reflect internal estate/ownership structuring rather than investment activity.