Douglas K. Howell - Jul 31, 2025 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Role
VP & Chief Financial Officer
Signature
/s/ Monica Norzagaray, by power of attorney
Stock symbol
AJG
Transactions as of
Jul 31, 2025
Transactions value $
$0
Form type
4
Date filed
8/4/2025, 06:36 PM
Previous filing
Apr 2, 2025
Next filing
Sep 11, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
HOWELL DOUGLAS K VP & Chief Financial Officer 2850 GOLF ROAD, ROLLING MEADOWS /s/ Monica Norzagaray, by power of attorney 2025-08-04 0001222374

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJG Common Stock Options Exercise $0 +35.7K +43.56% $0.00 118K Jul 31, 2025 Direct
holding AJG Common Stock 3.17K Jul 31, 2025 By Spouse F1
holding AJG Common Stock 419 Jul 31, 2025 Gallagher 401(k) plan account

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AJG Notional Stock Units Options Exercise $0 -35.7K -16.72% $0.00 178K Jul 31, 2025 Common Stock 35.7K $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person has no voting or invesment power over these shares and disclaims beneficial ownership.
F2 Each notional stock unit represents a right to receive one share of Gallagher common stock.
F3 Portions of these notional stock units are payable to the reporting person in shares of common stock in July of 2024, 2025, 2026, 2028 and 2029 and following the reporting person's separation from service.

Remarks:

This report discloses the distribution of notional stock units (representing equity compensation previously deferred by the reporting person in the Arthur J. Gallagher & Co. Supplemental Savings and Thrift Plan) in the form of Gallagher common stock. The timing of this distribution in July 2025 is in accordance with the terms of the Supplemental Savings and Thrift Plan and the reporting person's election at the time of deferral.