JOHNSON DAVID S 4

What Happened

• David S. Johnson, a director of Arthur J. Gallagher & Co. (AJG), acquired 236.536 shares on June 1, 2026. The transaction is an award/other acquisition (code A) at an attributed price of $206.10 per share, for a total value of $48,750. This resulted from his prior-year election to defer his cash retainer into deferred share units that are being distributed as common stock.

Key Details

• Transaction date: 2026-06-01; Filing date: 2026-06-02 (timely filing)
• Shares acquired: 236.536 at $206.10 per share; total value reported: $48,750
• Transaction code: A (award/other acquisition)
• Shares owned after transaction: not specified in the provided filing
• Footnote: Acquisition came from the director’s election under the Company’s Director Deferral Plan to convert quarterly cash retainer payments into deferred share units distributed as common stock

Context

• This was not an open-market purchase or a sale but a routine compensation deferral conversion into shares; such transactions reflect pay structure, not necessarily an investment sentiment signal. For retail investors, outright purchases by insiders can be more indicative of personal conviction, while deferral-plan distributions are common director compensation events.