Joel D. Cavaness - May 15, 2021 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Role
Vice President
Signature
/s/ Seth Diehl, by power of attorney
Stock symbol
AJG
Transactions as of
May 15, 2021
Transactions value $
$641,164
Form type
4
Date filed
5/18/2021, 04:18 PM
Next filing
Nov 18, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJG Common Stock Other $0 +1.52K $0.00 1.52K May 15, 2021 By Spouse F1
transaction AJG Common Stock (restricted) Other $0 +2.19K $0.00 2.19K May 15, 2021 By Spouse F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AJG Phantom Stock Other $0 +963 $0.00 963 May 15, 2021 Common Stock 963 By Spouse F1, F4, F5, F6
transaction AJG Non-qualified Stock Option Other $114K +2.6K +11.02% $43.71* 26.2K May 15, 2021 Common Stock 2.6K $43.71 Direct F1, F7
transaction AJG Non-qualified Stock Option Other $91K +1.6K +6.87% $56.86 24.9K May 15, 2021 Common Stock 1.6K $56.86 Direct F1, F7
transaction AJG Non-qualified Stock Option Other $81.4K +1.15K +6.28% $70.74 19.5K May 15, 2021 Common Stock 1.15K $70.74 Direct F1, F7
transaction AJG Non-qualified Stock Option Other $87.5K +1.1K +6.38% $79.59 18.4K May 15, 2021 Common Stock 1.1K $79.59 Direct F1, F7
transaction AJG Non-qualified Stock Option Other $113K +1.31K +6.84% $86.17 20.5K May 15, 2021 Common Stock 1.31K $86.17 Direct F1, F7
transaction AJG Non-qualified Stock Option Other $155K +1.21K +6.13% $127.90 20.9K May 15, 2021 Common Stock 1.21K $127.90 Direct F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Deemed acquired due to marriage on May 15, 2021.
F2 Consists of 600 RSUs granted 3/16/2017; 500 RSUs granted 3/15/2018; 450 RSUs granted 3/14/2019; 440 RSUs granted 3/12/2020; and 195 RSUs granted 3/16/2021.
F3 Restricted stock unit award vesting five years after the date of grant.
F4 Each share of phantom stock represents a right to receive one share of Gallagher common stock.
F5 This award was granted in 2017 and vests on March 31, 2022.
F6 These shares represent awards under the Deferred Cash Participation Plan, a nonqualified deferred compensation plan of the Company, which have been deemed invested in Company common stock at the election of the participant. Participants vest in these awards on the fifth anniversary of the date of grant.
F7 One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.