Joel D. Cavaness - Nov 16, 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
Nov 16, 2021
Transactions value $
-$1,401,628
Form type
4
Date filed
11/18/2021, 05:30 PM
Previous filing
May 18, 2021
Next filing
Feb 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJG Common Stock Options Exercise $536K +11.6K +10.08% $46.17* 127K Nov 16, 2021 Direct
transaction AJG Common Stock Sale -$1.94M -11.6K -9.15% $167.00 115K Nov 16, 2021 Direct F1
holding AJG Common Stock 1.52K Nov 16, 2021 By Spouse
holding AJG Common Stock 121 Nov 16, 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 Non-qualified Stock Option Options Exercise $0 -11.6K -100% $0.00* 0 Nov 16, 2021 Common Stock 11.6K $46.17 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported is an average weighted price. The shares were sold in multiple transactions at prices ranging from $166.77 to $167.41. The reporting person will provide to the Securities and Exchange Commission staff, the issuer, or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.