Caplan Deborah H 4

What Happened

• Deborah H. Caplan, a director of Arthur J. Gallagher & Co. (AJG), was granted 1,110 restricted stock units (reported as an "A" award) on 2026-05-12. The award is reported at $0.00 per share on the Form 4 (i.e., no cash purchase price).
• This is a compensation award to a director rather than an open-market buy or sale; such grants are common for non-employee directors and do not by themselves signal a buy/sell decision.

Key Details

• Transaction date: 2026-05-12; reported on Form 4 filed 2026-05-13.
• Transaction type/code: A (Award/Grant/Other Acquisition).
• Shares/units granted: 1,110 RSUs; reported acquisition price: $0.00.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: F1 — RSUs vest on the earlier of one year after grant or the reporting person's departure from the Board.
• Filing timeliness: Report filed the day after the transaction date (appears timely).
• Exhibit: Ex-24 Power of Attorney attached to the filing.

Context

• Restricted stock units are a form of equity compensation that typically convert to shares upon vesting; they are often used to align directors’ interests with shareholders but are routine compensation.
• The footnote indicates a vesting schedule (up to one year), and any subsequent sale or withholding at vesting would be reported in later filings. This grant does not represent an open-market purchase or sale and should be viewed as routine director compensation.