Pesch Michael Robert 4

What Happened
Michael Robert Pesch, Vice President of Arthur J. Gallagher & Co. (AJG), was granted 1,321.528 phantom stock units on 2026-03-04. The award was valued at $227.01 per unit for a total reported value of $300,000. This transaction is coded as an award/grant (derivative), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-04; filing date: 2026-03-06 (timely filing).
• Award: 1,321.528 phantom stock units at $227.01 per unit; total value $300,000.
• Transaction code: A (Grant/Award — derivative).
• Shares owned after transaction: Not stated in the provided filing excerpt.
• Footnotes:
  • F1: Each phantom stock unit represents a right to receive one share of Gallagher common stock.
  • F2: Units were granted under the Age 62 Plan (a nonqualified deferred compensation plan); participants vest when they reach age 62, or after one year for participants who have attained age 61.

Context
This is a deferred-compensation grant (phantom stock) under the Age 62 Plan, meaning the units are rights to future shares rather than immediate common stock holdings. Such awards are routine compensation and should not be read as an immediate buy/sell signal.