X0306 4 2019-01-15 0000775368 ALLEGHANY CORP /DE Y 0001362376 Sennott John Langton Jr. ALLEGHANY CORPORATION 1411 BROADWAY, 34TH FLOOR NEW YORK NY 10018 0 1 0 0 SVP, Chief Financial Officer Common Stock 5549 D Restricted Stock Units 2019-01-15 4 A 0 589 0 A Common Stock 589 589 D Phantom Stock 2019-03-31 4 A 0 43.7573 612.755 A Common Stock 43.7573 1097.1753 D Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of the registrant's common stock or a payment in cash in respect of such restricted stock unit in an amount equal to the fair market value of one share of the registrant's common stock on the applicable vesting date. Each restricted stock unit will vest on the four-year anniversary of the date of grant, subject to the reporting person being employed by the registrant on such date. Each phantom stock unit is the economic equivalent of one share of the registrant's common stock. Phantom stock units are payable in cash on the date elected by the reporting person. /s/ Stela Burghart, Attorney-in-Fact 2019-04-02