Douglas K. Howell - 15 Jul 2022 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Role
VP & Chief Financial Officer
Signature
/s/ Seth Diehl, by power of attorney
Issuer symbol
AJG
Transactions as of
15 Jul 2022
Net transactions value
$0
Form type
4
Filing time
19 Jul 2022, 19:48:40 UTC
Previous filing
16 Mar 2022
Next filing
18 Aug 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 $0 +24,331 +35% $0.000000 94,123 15 Jul 2022 Direct

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 -24,331 -11% $0.000000 194,481 15 Jul 2022 Common Stock 24,331 $0.000000 Direct F1, F2
* 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 in shares of common stock in July of 2022, 2023, 2025 and 2026 and following the reporting person's separation from service.

Remarks:

This report discloses the distribution of notional stock units (representing equity compensation previously deferred by the reporting person in the Arthur J. Gallagher & Co. Supplemental Savings and Thrift Plan) in the form of Gallagher common stock. The timing of this distribution in July 2022 is in accordance with the terms of the Supplemental Savings and Thrift Plan and the reporting person's election at the time of deferral.