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Step 1
Preheat an outdoor grill for medium-high heat and lightly oil the grate.
Step 2
Whisk 1/4 cup olive oil, balsamic vinegar, shallot, Dijon mustard, and 1/2 teaspoon salt together in a bowl until dressing is well mixed.
Step 3
Brush 1 teaspoon oil onto cut-side of peaches.
Step 4
Place peaches, cut-side down, onto grill and cook until heated through, about 4 minutes. Transfer peaches to a plate.
Step 5
Brush remaining oil onto both sides of chicken breasts and season with salt.
Step 6
Cook 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.
Step 7
Toss arugula and dressing together in a bowl. Divide dressed arugula among plates; top with peaches and chicken.