Douglas K. Howell - Mar 14, 2022 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Role
VP & Chief Financial Officer
Signature
/s/ Seth Diehl, by power of attorney
Stock symbol
AJG
Transactions as of
Mar 14, 2022
Transactions value $
-$1,873,448
Form type
4
Date filed
3/16/2022, 08:09 PM
Previous filing
Mar 11, 2022
Next filing
Jul 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJG Common Stock (restricted) Award $0 +16.9K +133.86% $0.00 29.5K Mar 14, 2022 Direct F1
transaction AJG Common Stock (restricted) Options Exercise $0 -8.45K -28.62% $0.00 21.1K Mar 14, 2022 Direct
transaction AJG Common Stock Options Exercise $0 +8.45K +13.03% $0.00 73.3K Mar 14, 2022 Direct
transaction AJG Common Stock (restricted) Options Exercise -$1.31M -8.45K -40.09% $154.74 12.6K Mar 14, 2022 Direct
transaction AJG Common Stock Tax liability -$564K -3.65K -4.97% $154.74 69.6K Mar 14, 2022 Direct
transaction AJG Common Stock (restricted) Options Exercise -$602K -3.7K -29.31% $162.67 8.93K Mar 16, 2022 Direct F2
holding AJG Common Stock 3.17K Mar 14, 2022 By Spouse F3
holding AJG Common Stock 215 Mar 14, 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 Notional Stock Units Options Exercise $0 +8.45K +4.09% $0.00 215K Mar 14, 2022 Common Stock 8.45K $0.00 Direct F4, F5
transaction AJG Non-qualified Stock Option Award $0 +14.5K $0.00 14.5K Mar 15, 2022 Common Stock 14.5K $158.56 Direct F6
transaction AJG Notional Stock Units Options Exercise $0 +3.7K +1.72% $0.00 219K Mar 16, 2022 Common Stock 3.7K $0.00 Direct F2, F4, F5
transaction AJG Phantom Stock Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities $600K +3.79K +2.08% $158.26 186K Mar 16, 2022 Common Stock 3.79K Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance share units (awarded on March 14, 2019) earned and vested as of March 14, 2022.
F2 Restricted stock units deferred into the Supplemental Plan upon vesting.
F3 The reporting person has no voting or invesment power over these shares and disclaims beneficial ownership.
F4 Each notional stock unit represents a right to receive one share of Gallagher common stock.
F5 Portions of these notional stock units are payable to the reporting person in shares of common stock in July of 2021, 2022, 2023, 2025 and 2026 and following the reporting person's separation from service.
F6 One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
F7 Each share of phantom stock represents a right to receive one share of Gallagher common stock.
F8 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.