Joel D. Cavaness - Nov 18, 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
Nov 18, 2022
Transactions value $
-$1,490,100
Form type
4
Date filed
11/21/2022, 05:34 PM
Previous filing
Aug 15, 2022
Next filing
Mar 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJG Common Stock Sale -$1.93M -10K -8.26% $192.72 111K Nov 18, 2022 Direct F1
transaction AJG Common Stock Options Exercise $437K +10K +9% $43.71* 121K Nov 18, 2022 Direct
holding AJG Common Stock 2.02K Nov 18, 2022 By Spouse
holding AJG Common Stock 215 Nov 18, 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 -10K -100% $0.00* 0 Nov 18, 2022 Common Stock 10K $43.71 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported is an average weighted price. The shares were sold in multiple transactions at prices ranging from $192.68 to $192.96. The reporting person will provide to the Securities and Exchange Commission staff, the issuer, or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.