J. PATRICK GALLAGHER JR - 01 Sep 2021 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Role: President & CEO, Director
Signature: /s/ Seth Diehl, by power of attorney
Issuer symbol: AJG
Transactions as of: 01 Sep 2021
Net transactions value: -$1,033,671
Form type: 4
Filing time: 03 Sep 2021, 16:29:44 UTC
Previous filing: 12 Aug 2021
Next filing: 14 Feb 2022
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	+17,057	+19%	$0.000000	107,948	01 Sep 2021	Direct
transaction	AJG	Common Stock	Tax liability	$1,033,671	-7,156	-6.6%	$144.44	100,792	01 Sep 2021	Direct
holding	AJG	Common Stock						23,448	01 Sep 2021	By Spouse's Trust	F1
holding	AJG	Common Stock						255,965	01 Sep 2021	By Corporation
holding	AJG	Common Stock						77,159	01 Sep 2021	By Irrevocable Trust
holding	AJG	Common Stock						243,340	01 Sep 2021	By Spouse	F2
holding	AJG	Common Stock						220,986	01 Sep 2021	By Trust	F3
holding	AJG	Common Stock						121	01 Sep 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	-17,057	-11%	$0.000000	135,341	01 Sep 2021	Common Stock	17,057		Direct	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares held in trust for the benefit of my children of which I am sole Trustee.
F2	Shares held in revocable trust of which my spouse is sole Trustee and as to which I disclaim beneficial ownership.
F3	Held in trust for benefit of children.
F4	Each share of phantom stock represents a right to receive one share of Gallagher common stock.
F5	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.