Arthur J. Gallagher (AJG) Proxy filing summary

Executive summary

• Achieved 2025 adjusted revenue growth of 20.7% to $13.7B and adjusted EBITDAC growth of 25.7% to $4.8B, with 6% organic revenue growth in both core segments.

• Completed 33 acquisitions, including AssuredPartners, the largest in company and industry history, positioning for further organic growth.

• Entering 2026 with strong momentum, a robust M&A pipeline, and substantial free cash flow to support continued acquisition strategy.

Voting matters and shareholder proposals

• Stockholders will vote to elect 9 directors, ratify Ernst & Young LLP as independent auditor for 2026, and approve executive compensation on an advisory basis.

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board comprises diverse, highly qualified individuals with varied backgrounds, emphasizing integrity and independence.

• Sherry Barrat is retiring; Board size reduced to 9 members.

• Board refreshment policy includes diversity considerations; John Coldman, age 78, stands for reelection due to expertise.

• Independent Lead Director role ensures strong governance and board independence.

• Annual board and committee self-evaluations, stock ownership guidelines, and robust stockholder engagement are in place.