Pesch Michael Robert 4

What Happened

• Michael Robert Pesch, Vice President of Arthur J. Gallagher & Co. (AJG), had 525 shares disposed (withheld) to cover tax obligations related to the vesting of restricted stock units.
• The shares were valued at $207.93 each, for a total of approximately $109,163. This was a withholding to satisfy taxes, not an open-market sale.

Key Details

• Transaction date: 2026-03-16; Filing date: 2026-03-18 (timely Form 4 filing).
• Price: $207.93 per share; Total value: ~$109,163.
• Transaction code: F — shares withheld to cover tax liabilities on vested RSUs (see footnote F1).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Relevant footnote: F1 — "Shares withheld to cover applicable tax obligations relating to the vesting of restricted stock units."

Context

• This was a tax-withholding disposition tied to RSU vesting, commonly done by companies to satisfy withholding tax obligations; it does not necessarily indicate the insider is selling shares for cash or signaling a view on the stock.
• For retail investors, purchase transactions usually carry more informational weight about insider sentiment; withholding disposals are routine administrative actions.