Joel D. Cavaness - 03 Mar 2023 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Role
Vice President
Signature
/s/ Seth Diehl, by power of attorney
Issuer symbol
AJG
Transactions as of
03 Mar 2023
Net transactions value
-$917,545
Form type
4
Filing time
07 Mar 2023, 17:31:00 UTC
Previous filing
21 Nov 2022
Next filing
10 Mar 2023
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 +4,961 +4.1% $0.000000 126,048 03 Mar 2023 Direct
transaction AJG Common Stock Tax liability $917,545 -4,961 -3.9% $184.97 121,087 03 Mar 2023 Direct
holding AJG Common Stock 2,023 03 Mar 2023 By Spouse
holding AJG Common Stock 215 03 Mar 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 Phantom Stock Options Exercise $0 -4,961 -3.2% $0.000000 151,279 03 Mar 2023 Common Stock 4,961 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of phantom stock represents a right to receive one share of Gallagher common stock.
F2 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.

Remarks:

The transactions in this report relate solely to the payment of applicable taxes, in accordance with a schedule determined earlier in the year, with respect to a vested award under the Age 62 Plan.