Vishal Jain - 24 Feb 2022 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: 24 Feb 2022
Net transactions value: +$424,764
Form type: 4
Filing time: 25 Feb 2022, 17:56:48 UTC
Next filing: 16 Mar 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	$424,764	+9,200	+81%	$46.17^*	20,555	24 Feb 2022	Direct
holding	AJG	Common Stock						215	24 Feb 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	-9,200	-100%	$0.000000^*	0	24 Feb 2022	Common Stock	9,200	$46.17	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Grant date of 3/11/2015.
F2	One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.