Thomas Joseph Gallagher - Feb 22, 2022 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
Feb 22, 2022
Transactions value $
-$3,964,776
Form type
4
Date filed
2/24/2022, 05:05 PM
Previous filing
Sep 3, 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 $1.24M +26.8K +10.36% $46.17* 286K Feb 22, 2022 Direct
transaction AJG Common Stock Options Exercise $437K +10K +3.5% $43.71* 296K Feb 22, 2022 Direct
transaction AJG Common Stock Sale -$5.64M -36.8K -12.45% $153.24 259K Feb 22, 2022 Direct F1
holding AJG Common Stock 96K Feb 22, 2022 By grantor retained annuity trust
holding AJG Common Stock 66.7K Feb 22, 2022 By Irrevocable Trust
holding AJG Common Stock 31.7K Feb 22, 2022 By wife
holding AJG Common Stock 90K Feb 22, 2022 By wife as trustee F2, F3
holding AJG Common Stock 121 Feb 22, 2022 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 -26.8K -100% $0.00* 0 Feb 22, 2022 Common Stock 26.8K $46.17 Direct F4
transaction AJG Non-qualified Stock Option Options Exercise $0 -10K -28.25% $0.00 25.4K Feb 22, 2022 Common Stock 10K $43.71 Direct F4
* 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 $153.07 to $153.41. 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 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.
F3 These shares are held in trusts, for the benefit of the reporting person's children, of which his wife is a trustee.
F4 One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.