Susan E. Pietrucha - 14 Mar 2022 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Role
Chief Human Resources Officer
Signature
/s/ Seth Diehl, by power of attorney
Issuer symbol
AJG
Transactions as of
14 Mar 2022
Net transactions value
-$186,817
Form type
4
Filing time
16 Mar 2022, 20:59:50 UTC
Previous filing
25 Feb 2022
Next filing
09 Jun 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 (restricted) Award $0 +7,200 +59% $0.000000 19,485 14 Mar 2022 Direct F1
transaction AJG Common Stock (restricted) Options Exercise $0 -7,200 -37% $0.000000 12,285 14 Mar 2022 Direct
transaction AJG Common Stock Options Exercise $0 +7,200 +71% $0.000000 17,294 14 Mar 2022 Direct
transaction AJG Common Stock Tax liability $359,461 -2,323 -13% $154.74 14,971 14 Mar 2022 Direct
transaction AJG Common Stock (restricted) Options Exercise $0 -3,850 -31% $0.000000 8,435 16 Mar 2022 Direct
transaction AJG Common Stock Options Exercise $0 +3,850 +26% $0.000000 18,821 16 Mar 2022 Direct
transaction AJG Common Stock Tax liability $277,352 -1,705 -9.1% $162.67 17,116 16 Mar 2022 Direct
holding AJG Common Stock 93 14 Mar 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 Award $0 +9,875 $0.000000 9,875 15 Mar 2022 Common Stock 9,875 $158.56 Direct F2
transaction AJG Phantom Stock Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities $449,996 +2,843 +3.3% $158.26 88,245 16 Mar 2022 Common Stock 2,843 Direct F3, F4
* 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 One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
F3 Each share of phantom stock represents a right to receive one share of Gallagher common stock.
F4 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.