Jain Vishal 4

4 · Arthur J. Gallagher & Co. · Filed Mar 17, 2026

AI-generated summary of this filing

Updated Mar 18, 2026

AJG VP Vishal Jain Receives Award, 3,068 Shares Retained

What Happened

Vishal Jain, Vice President of Arthur J. Gallagher & Co. (AJG), received 6,214 shares when performance share units (PSUs) vested on March 15, 2026. To cover tax obligations, 2,645 shares were withheld on March 15 and 501 shares were withheld on March 16 (total 3,146 shares), leaving a net ~3,068 shares retained. The filing reports a per-share value of $207.93 used for the withholding calculations (total value of withheld shares ≈ $654,148; retained shares ≈ $637,929).

Key Details

Transaction dates/prices:
- 2026-03-15: Award/Acquisition (A) and conversion of derivative (M): 6,214 shares @ $0.00 (acquired).
- 2026-03-15: Tax withholding (F): 2,645 shares @ $207.93 = $549,975 (disposed/withheld).
- 2026-03-16: Tax withholding (F): 501 shares @ $207.93 = $104,173 (disposed/withheld).
Net result: 6,214 shares vested → 3,146 shares withheld for taxes → ~3,068 shares retained.
Relevant footnotes: F1 — PSUs were awarded 3/15/2023 and earned/vested 3/15/2026; F2 — shares withheld to cover tax obligations.
Filing: Form 4 filed 2026-03-17 (covers transactions on 3/15 and 3/16); filed within the normal 2-business-day window.

Context

This was a vesting of performance share units and a routine "sell-to-cover"/share-withholding for taxes, not an open-market sale. M indicates conversion/exercise of a derivative (PSU conversion); F indicates shares withheld to satisfy tax withholding. Such withholding is standard and does not necessarily signal a change in the insider's view of the company.

Form 4

Period: 2026-03-15

VICE PRESIDENT

Transactions

Holdings

Common Stock
(indirect: By 401(k))
491.113
Phantom Stock
[F3][F4]
→ Common Stock (39,506.268 underlying)
39,506.268
Non-qualified Stock Option
[F5]
Exercise: $228.20Exp: 2033-03-01→ Common Stock (14,319 underlying)
14,319
Non-qualified Stock Option
[F6]
Exercise: $127.90Exp: 2028-03-16→ Common Stock (13,580 underlying)
13,580
Non-qualified Stock Option
[F6][F7]
Exercise: $86.17Exp: 2027-03-12→ Common Stock (10,450 underlying)
10,450
Non-qualified Stock Option
[F6]
Exercise: $158.56Exp: 2029-03-15→ Common Stock (9,950 underlying)
9,950
Non-qualified Stock Option
[F8][F6]
Exercise: $337.74Exp: 2032-03-01→ Common Stock (9,587 underlying)
9,587
Non-qualified Stock Option
[F9]
Exercise: $243.54Exp: 2031-03-01→ Common Stock (8,707 underlying)
8,707
Non-qualified Stock Option
[F10]
Exercise: $177.09Exp: 2030-03-15→ Common Stock (8,284 underlying)
8,284
Notional Stock Units
[F11][F12]
Exercise: $0.00→ Common Stock (5,500.243 underlying)
5,500.243

Footnotes (12)

[F1]Performance share units (awarded on March 15, 2023) earned and vested as of March 15, 2026.
[F10]One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
[F11]Each notional stock unit represents a right to receive one share of Gallagher common stock.
[F12]The notional stock units become payable following the reporting person's separation from service with Gallagher.
[F2]Shares withheld to cover applicable tax obligations relating to the vesting of restricted stock units.
[F3]Each share of phantom stock represents a right to receive one share of Gallagher common stock.
[F4]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 when they attain age 62, or after a one-year period for participants who have attained age 61.
[F5]One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
[F6]One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
[F7]Grant date of 3/12/2020.
[F8]Closing price of Gallagher common stock on February 28, 2025.
[F9]One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.

Signature

/s/ Monica Norzagaray, by power of attorney|2026-03-17

1 file