Joel D. Cavaness - Feb 23, 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 23, 2022
Transactions value $: $63,624
Form type: 4
Date filed: 2/25/2022, 05:45 PM
Previous filing: Nov 18, 2021
Next filing: Mar 16, 2022
SEC: View on sec.gov

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	Notional Stock Units	Award	$63.6K	+414	+4.09%	$153.73	10.5K	Feb 23, 2022	Common Stock	414		Direct	F1, F2

Showing 1 to 1 of 1 entries

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

Explanation of Responses:

Id	Content
F1	Each notional stock unit represents a right to receive one share of Gallagher common stock.
F2	Portions of these notional stock units are payable to the reporting person at the following times: over a two year period beginning July 2023; over a five year period beginning July 2027; in a lump sum on July 2028; over a five year period beginning July 2028; and in a lump sum following the reporting person's separation from service.