Jain Vishal 4

What Happened Vishal Jain, Vice President at Arthur J. Gallagher & Co. (AJG), was granted 1,982.292 phantom stock units on 2026-03-04 valued at $227.01 each, totaling $450,000. The filing shows this as a derivative award (transaction code A) — these are not an open-market purchase or sale but an award/credit under a company plan.

Key Details

• Transaction date: 2026-03-04; filing date: 2026-03-06 (timely).
• Units granted: 1,982.292 phantom stock units; per-unit value used: $227.01; total value: $450,000.
• Transaction type: A (award/grant); class: derivative (phantom stock units).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes:
  • Each phantom stock unit represents a right to receive one share of Gallagher common stock (F1).
  • Units were awarded under the Age 62 Plan, a nonqualified deferred compensation plan; participants vest at age 62, or after a one-year period for those already age 61 (F2).

Context These phantom stock units are a deferred-compensation award that entitle the holder to receive company shares (or their cash equivalent) in the future based on plan terms; they are not immediately tradable shares. Such awards are typically retention or deferred-pay arrangements and do not by themselves indicate a current buy or sell decision in the open market.