ROSENTHAL NORMAN L 4

What Happened

Norman L. Rosenthal, a director of Arthur J. Gallagher & Co. (AJG), was granted 1,110 restricted stock units (reported as 1,110 shares) on May 12, 2026. The award was reported at $0.00 per share on the Form 4 (i.e., no cash purchase); the filing was submitted on May 13, 2026. This is an award/compensation event (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-12; Filing date: 2026-05-13 (timely filing)
• Transaction type: Award/Grant (A) — 1,110 restricted stock units @ $0.00
• Shares owned following transaction: not specified in the filing
• Footnote: RSUs vest on the earlier of one year after grant or the reporting person's departure from the Board (F1)
• Exhibit included: Ex-24 Power of Attorney

Context

Restricted stock units are a form of equity compensation that typically convert to shares upon vesting and may be forfeited if vesting conditions aren’t met. Such awards reflect compensation for board service and are not the same as an insider purchasing stock on the open market; they should not be interpreted on their own as a bullish or bearish signal.