Jain Vishal 4

What Happened
Vishal Jain, Vice President at Arthur J. Gallagher & Co. (AJG), converted 2,162.694 notional/derivative units into 2,162.694 shares of AJG common stock on July 1, 2026. The conversion is reported as an acquisition at $229.57 per share for a total value of $496,490. A corresponding derivative disposition is recorded at $0.00, indicating the notional/phantom units were surrendered/converted into actual shares rather than sold on the open market. This is a distribution of previously deferred compensation, not an open‑market purchase or sale.

Key Details

• Transaction date: July 1, 2026
• Shares acquired: 2,162.694; price used: $229.57; total value reported: $496,490
• Disposition entry: 2,162.694 derivative units disposed at $0.00 (conversion of the derivative)
• Source: Distribution of notional stock units from the Supplemental Savings & Thrift Plan (deferred compensation)
• Relevant footnotes: F1 (notional unit = right to one share), F2 (units payable in July 2026 per plan/election), F3 (phantom stock = right to one share)
• Shares owned after transaction: Not specified in the filing
• Filing date vs. transaction date: Form filed July 6, 2026 for a July 1 transaction — this appears later than the standard 2-business‑day Form 4 deadline

Context
This was a conversion/distribution of deferred compensation (not an open‑market buy or sale), so it doesn't necessarily signal insider sentiment about the stock. The $0.00 derivative disposition line is typical when phantom/notional units are converted into actual shares. Because this stems from a company deferred‑compensation plan, the shares were paid per the participant’s prior election and the plan’s payout schedule.