CARY RICHARD C 4

What Happened
Cary Richard C, Controller and CAO of Arthur J. Gallagher & Co. (AJG), had 181 shares withheld on 2026-03-15 to cover tax obligations related to the vesting of restricted stock units. The shares were valued at $207.93 each, for a total value of approximately $37,635. This disposition is a tax-withholding event (routine), not an open-market sale indicating a change in investment conviction.

Key Details

• Transaction date and price: 2026-03-15 at $207.93 per share.
• Shares disposed/withheld: 181 shares; total value ≈ $37,635.
• Transaction code: F — payment of exercise price or tax liability (withholding to cover taxes).
• Relevant footnote: F1 — shares withheld to cover applicable tax obligations relating to the vesting of restricted stock units.
• Shares owned after transaction: Not specified in the filing.
• Filing date: 2026-03-17 (report covers the 3/15 transaction); filing timeliness not indicated as late.

Context
This was a withholding to satisfy tax liabilities on RSU vesting (a common, administrative transaction). Such withholdings are routine and do not necessarily reflect the insider’s buy/sell sentiment. For derivatives or option-related items, filings typically note whether shares were immediately sold (cashless) — in this case, the action was tax withholding rather than an open-market sale.