Derivative exercise or conversion — not an open-market buy.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Mar 31, 2026
Reporting period
Not applicable
Filed with the SEC
Apr 2, 2026
OfficerOption exercise
Context
Classification
option exercise
Code M — exercise or conversion of a derivative security
Planned / mechanical clue
Footnote references vesting of compensation awards
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0000354190-26-000114
Filed / recorded
Apr 2, 2026, 4:02 AM UTC
Added to OQRO
Oct 2, 2026, 12:27 PM UTC
Parser
form4-xml-v1
Data quality
Verified: identifiers matched exactly
Issuer
Arthur J. Gallagher & Co.
Issuer CIK
354190
Ticker
AJG
Reporting person
Walter D. Bay
Relationship
Officer
Officer title
General Counsel
Security
Phantom Stock
Table
Derivative (Table II)
Transaction date
Mar 31, 2026
Transaction code
M
Shares / units
1,415.092
Price per share
$0.00
Acquired / disposed
Disposed (D)
Shares owned after
3,994.734
Ownership form
Direct
Amendment
No
Footnotes from the filing
Each share of phantom stock represents a right to receive one share of Gallagher common stock.
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.