1Preheat an outdoor grill for medium-high heat and lightly oil the grate.
2Whisk 1/4 cup olive oil, balsamic vinegar, shallot, Dijon mustard, and 1/2 teaspoon salt together in a bowl until dressing is well mixed.
3Brush 1 teaspoon oil onto cut-side of peaches.
4Place peaches, cut-side down, onto grill and cook until heated through, about 4 minutes. Transfer peaches to a plate.
5Brush remaining oil onto both sides of chicken breasts and season with salt.
6Cook chicken on grill until no longer pink in the center, about 4 minutes per side. An instant-read thermometer inserted into the center should read at least 165 degrees F (74 degrees C). Slice chicken into thin pieces and cut peaches into 1/2-inch thick pieces.
7Toss arugula and dressing together in a bowl. Divide dressed arugula among plates; top with peaches and chicken.