Hudson Scott R 4

What Happened Scott R. Hudson, a Vice President of Arthur J. Gallagher & Co. (AJG), had 7,170 performance-based shares vest on March 15, 2026. The filing shows conversion/exercise entries for those awards and a tax withholding where 2,828 shares were surrendered at a per‑share value of $207.93, totaling $588,026. After withholding, the net increase from this vesting was 4,342 shares.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely).
• Reported entries: Award/grant (A) 7,170 shares acquired; exercise/conversion (M) entries associated with the award; tax withholding (F) 2,828 shares disposed at $207.93/share = $588,026.
• Net shares received: 7,170 vested − 2,828 withheld = net +4,342 shares.
• Shares owned after the transaction: not reported in the provided excerpt.
• Relevant footnote: F1 — these were performance share units awarded Mar 15, 2023 and earned/vested Mar 15, 2026.
• Transaction codes explained: A = award/grant, M = exercise/conversion of derivative, F = shares withheld/disposed to cover tax liability.

Context

• This was not an open‑market sale for cash; the 2,828‑share disposition was for tax withholding (common when awards vest), not necessarily a signal of portfolio rebalancing.
• For derivative/award transactions, the key takeaways for investors are the vesting and net share increase rather than a market sale.