Thomas Joseph Gallagher - Mar 3, 2023 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
Mar 3, 2023
Transactions value $
-$1,499,133
Form type
4
Date filed
3/7/2023, 05:23 PM
Previous filing
Feb 14, 2023
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJG Common Stock Options Exercise $1.11M +25.4K +8.78% $43.71* 315K Mar 3, 2023 Direct
transaction AJG Common Stock Tax liability -$2.61M -13.8K -4.4% $188.47 301K Mar 3, 2023 Direct
holding AJG Common Stock 62.3K Mar 3, 2023 By grantor retained annuity trust
holding AJG Common Stock 66.7K Mar 3, 2023 By Irrevocable Trust
holding AJG Common Stock 32.4K Mar 3, 2023 By wife
holding AJG Common Stock 117K Mar 3, 2023 By wife as trustee F1, F2
holding AJG Common Stock 215 Mar 3, 2023 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 -25.4K -100% $0.00* 0 Mar 3, 2023 Common Stock 25.4K $43.71 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F2 These shares are held in trusts, for the benefit of the reporting person's children, of which his wife is a trustee.
F3 One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.