Christopher C. Miskel - Mar 1, 2025 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Role: Director
Signature: /s/ Ryan Session, by power of attorney
Stock symbol: AJG
Transactions as of: Mar 1, 2025
Transactions value $: $37,500
Form type: 4
Date filed: 3/3/2025, 06:46 PM
Previous filing: Dec 3, 2024
SEC: View on sec.gov

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	Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities	$37.5K	+111	+5.95%	$337.74	1.98K	Mar 1, 2025	Common Stock	111		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each notional stock unit represents a right to receive one share of Gallagher common stock.
F2	The notional stock units become payable in January 2036 in accordance with the reporting person's election.

Remarks:

This acquisition resulted from the reporting person's election in a prior year (pursuant to the Company's Director Deferral Plan) to defer the reporting person's annual cash retainer, which the Company pays on a quarterly basis, into deferred share units that will be distributed in the form of the Company's common stock.