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Arthur J. Gallagher & Co. — Director's Dealing 2026
Mar 18, 2026
29910_dirs_2026-03-17_d3e4bfdb-be79-4955-8aa9-e3f193ee0558.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Arthur J. Gallagher & Co. (AJG)
CIK: 0000354190
Period of Report: 2026-03-15
Reporting Person: Bay Walter D. (General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2026-03-15 | Common Stock (restricted) | A | 7090 | — | Acquired | 7090 | Direct |
| 2026-03-15 | Common Stock (restricted) | M | 7090 | — | Disposed | 0 | Direct |
| 2026-03-15 | Common Stock | M | 7090 | — | Acquired | 82504 | Direct |
| 2026-03-15 | Common Stock | F | 2411 | $207.93 | Disposed | 75414 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 491.129 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Non-qualified Stock Option | $127.90 | 2028-03-16 | Common Stock (24500) | 24500 | Direct |
| Non-qualified Stock Option | $86.17 | 2027-03-12 | Common Stock (17630) | 17630 | Direct |
| Non-qualified Stock Option | $228.20 | 2033-03-01 | Common Stock (16952) | 16952 | Direct |
| Non-qualified Stock Option | $158.56 | 2029-03-15 | Common Stock (11405) | 11405 | Direct |
| Non-qualified Stock Option | $337.74 | 2032-03-01 | Common Stock (11350) | 11350 | Direct |
| Non-qualified Stock Option | $243.54 | 2031-03-01 | Common Stock (10884) | 10884 | Direct |
| Non-qualified Stock Option | $177.09 | 2030-03-15 | Common Stock (9452) | 9452 | Direct |
| Notional Stock Units | $0 | Common Stock (5828.5456) | 5828.5456 | Direct | |
| Phantom Stock | $ | Common Stock (5399.1) | 5399.1 | Direct |
Footnotes
F1: Performance share units (awarded on March 15, 2023) earned and vested as of March 15, 2026.
F2: One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
F3: One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
F4: Closing price of Gallagher common stock on February 28, 2025.
F5: One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
F6: One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
F7: Each notional stock unit represents a right to receive one share of Gallagher common stock.
F8: The notional stock units become payable following the reporting person's separation from service with Gallagher.
F9: Each share of phantom stock represents a right to receive one share of Gallagher common stock.
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 in the year they attain age 62, or after a one-year period for participants who have attained age 61.