JOHNSON DAVID S 4

What Happened David S. Johnson, a director of Arthur J. Gallagher & Co. (AJG), was granted 1,110 restricted stock units (RSUs) on 2026-05-12. The units were reported as acquired at $0.00 (code A — award/grant). The Form 4 was filed the next day, 2026-05-13.

Key Details

• Transaction date: 2026-05-12; filing date (Form 4): 2026-05-13 (timely).
• Grant: 1,110 RSUs acquired at $0.00 per share (award).
• Shares owned after transaction: not specified on the Form 4.
• Footnote: RSUs vest on the earlier of one year after the grant date or the reporting person's departure from the Board (per footnote F1).
• Transaction code: A = Award/Grant.

Context This was an equity award (compensation), not a market purchase or sale. RSU grants typically vest over time (or per the stated condition) and do not reflect an immediate cash transaction or sale. Such awards are common for directors and should be viewed as compensation-related, subject to vesting and potential tax withholding when they vest.