THOMAS JOSEPH GALLAGHER - 11 Aug 2021 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Role
VICE PRESIDENT
Signature
/s/ Seth Diehl, by power of attorney
Issuer symbol
AJG
Transactions as of
11 Aug 2021
Net transactions value
-$31,558
Form type
4
Filing time
12 Aug 2021, 20:34:42 UTC
Next filing
03 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJG Common Stock Options Exercise $0 +225 +0.08% $0.000000 290,410 11 Aug 2021 Direct
transaction AJG Common Stock Tax liability $31,558 -225 -0.08% $140.39 290,185 11 Aug 2021 Direct
holding AJG Common Stock 96,007 11 Aug 2021 By grantor retained annuity trust
holding AJG Common Stock 66,709 11 Aug 2021 By Irrevocable Trust
holding AJG Common Stock 31,671 11 Aug 2021 By wife
holding AJG Common Stock 55,280 11 Aug 2021 By wife as trustee F1, F2
holding AJG Common Stock 121 11 Aug 2021 Gallagher 401(k) plan account

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 Options Exercise $0 -225 -2.1% $0.000000 10,353 11 Aug 2021 Common Stock 225 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F2 These shares are held in trusts, for the benefit of the reporting person's children, of which his wife is a trustee.
F3 Each share of phantom stock represents a right to receive one share of Gallagher common stock.
F4 These shares represent awards under the Age 62 Plan, a nonqualified deferred compensation plan of the Company, which have been deemed invested in Company common stock at the election of the reporting person. Participants vest in these awards when they attain age 62, or after a one-year period for participants who have attained age 61.

Remarks:

The transactions in this report relate solely to the payment of applicable taxes, in accordance with a schedule determined earlier in the year, with respect to a vested award under the Age 62 Plan.