Jain Vishal 4

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.