PHP Parse error: syntax error, unexpected 'fn'

[xtremevision]

Describe the bug
Installed latest version. Tried regenerating categories. Operation crashed.

Expected behavior
Operation should complete succesfully.

To Reproduce
As above.

Additional context
[root@localhost htdocs]# php74 n98-magerun2.phar ok:urlrewrites:regenerate --entity-type=category
Regenerating of URL rewrites:

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[Type: category, Store ID: 0, Store View code: admin]:
[=======================================================================] 100% 2/2

[Type: category, Store ID: 1, Store View code: default]:
[=======================================================================] 100% 2/2

Reindexation...PHP Parse error: syntax error, unexpected 'fn' (T_STRING), expecting :: (T_PAAMAYIM_NEKUDOTAYIM) in /home/michael/www/b360mdev/htdocs/vendor/laminas/laminas-stdlib/src/PriorityList.php on line 279
Done
Cache refreshing...PHP Parse error: syntax error, unexpected 'fn' (T_STRING), expecting :: (T_PAAMAYIM_NEKUDOTAYIM) in /home/michael/www/b360mdev/htdocs/vendor/laminas/laminas-stdlib/src/PriorityList.php on line 279
PHP Parse error: syntax error, unexpected 'fn' (T_STRING), expecting :: (T_PAAMAYIM_NEKUDOTAYIM) in /home/michael/www/b360mdev/htdocs/vendor/laminas/laminas-stdlib/src/PriorityList.php on line 279
Done
If you use some external cache mechanisms (e.g.: Redis, Varnish, etc.) - please, refresh this external cache.

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Finished

Using Magento 2.3.7-p4, php 7.4.32.