NICOLETTI RALPH J 4

What Happened

• Ralph J. Nicoletti, a director of Arthur J. Gallagher & Co. (AJG), received an award of 1,110 shares on 2026-05-12. The Form 4 reports the acquisition as an award (code A) at $0.00 per share (typical for restricted stock unit grants). The filing was submitted on 2026-05-13.

Key Details

• Transaction date: 2026-05-12; Filing date: 2026-05-13 (timely).
• Transaction type: Award/Grant (code A) of 1,110 shares; reported acquisition price $0.00.
• Vesting note (F1): These are restricted stock units that vest on the earlier of one year after grant or the reporting person's departure from the Board.
• Shares owned after the transaction: not specified in the provided filing details.
• Exhibit listed: Ex-24 (Power of Attorney).

Context

• Restricted stock units (RSUs) are a form of compensation that convert into actual shares upon vesting; they are not an open-market purchase or sale and do not necessarily indicate the insider is buying or selling stock for investment purposes.
• This filing documents a compensation award to a director rather than a cash transaction; retail investors generally view awards as routine executive/director compensation unless accompanied by notable purchases or sales.