Arthur J. Gallagher & Co. management check

AJG · Financials · Insurance Brokers · CEO Pat Gallagher

Filings as of

84
Management score, ranked 31st of 487Strongest: stable leadership. Weakest: owner returns. See the best and worst run in Financials →

2 good · 4 to watch · 0 flagged, across the seven questions below.

  • Watch

    Have owners done well?

    Trailed its chosen peers

    $100 invested at the start of fiscal 2021 grew to $92, against $93 for the peer group the company picked itself.

  • Watch

    Does pay follow performance?

    Pay only loosely tracked returns

    Over 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.47 with shareholder return. 1 means pay moved in step; below 0, the opposite way.

  • n/a

    What does the CEO cost owners?

    Not enough data

    No pay or net income figure for the latest year.

  • Watch

    Do they own the stock?

    Insiders are selling

    4 insiders sold $8.2m in the last six months and none bought.

  • Watch

    Are owners being diluted?

    Stock pay 0.4% of revenue

    Stock-based pay was 0.4% of revenue in the latest year.

  • Good

    Is leadership stable?

    4 leadership filings in 3 years

    CEO in the pay table: Pat Gallagher. 4 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.

  • Good

    Are the books clean?

    No red flags on file

    No restatements, auditor changes or late filings since 2021.

Against the S&P 500

Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Financials.

CheckScoreAt or aboveSector median
Owner returns4953%49
Pay for performance7334%83
CEO cost——67
Skin in the game——51
Dilution9887%69
Stable leadership100100%80
Clean books100100%100

Closest peers

Others in Insurance Brokers, by management score. Arthur J. Gallagher & Co. is 7th of 72 in its sector.

  1. 31AJGArthur J. Gallagher & Co.84
  2. 34HOODRobinhood Markets83
  3. 53WTWWillis Towers Watson80
  4. 322BROBrown & Brown60
  5. 427AONAon plc50
  6. 428MRSHMarsh McLennan50

Pay versus performance

From the proxy statement filed March 23, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.

CEO pay by fiscal yearAs reported Actually paid
$0$24.7m$49.4m20212022202320242025
What $100 becameCompany Peer group
$10020212022202320242025$92
Fiscal yearCEOCEO payActually paidOther executives (avg)$100 becamePeersNet income
2025Pat Gallagher$20.7m$31.4m$9.1m$92$93—
2024—$17.4m$49.4m$6.6m$127$122—
2023—$15.5m$33.0m$5.4m$121$109—
2022—$14.2m$23.2m$5.0m$112$98—
2021—$13.9m$36.2m$5.1m$139$142—

The board says pay is tied most to Adjusted EBITDAC” growth. Its other key measures: Adjusted EBITDAC growth, Adjusted Revenue growth, Adjusted EBITDAC per share growth.

Insiders and the CEO's stake

J Patrick Jr Gallagher (CEO) held 109,416.964 shares directly after their latest Form 4 on May 26, 2026.

4 insiders sold $8.2m in the last six months and none bought.

  • SoldWalter D. BayGeneral Counsel$3.2mAug 24, 2026
  • SoldScott R HudsonVice President$3.2mSep 2, 2026
  • SoldChristopher E MeadVICE PRESIDENT$900kAug 19, 2026
  • SoldRichard C CaryController, CAO$871kSep 15, 2026

Leadership and governance on file

Latest shareholder vote results: May 13, 2026, including the say-on-pay vote.

Where the money went

Over 2021–2025: $2.5bn returned to owners in buybacks and dividends, 42% of net income, and $159.8m of pay in stock.

Fiscal year20212022202320242025
Revenue$8.2bn$8.6bn$10.1bn$11.6bn$13.9bn
Net income$906.8m$1.1bn$970.0m$1.5bn$1.5bn
Stock-based pay$13.4m$24.4m$31.0m$42.0m$49.0m
Buybacks—————
Dividends$392.0m$429.5m$474.0m$525.0m$667.0m
Diluted shares—————

Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.