Vishal Jain - 06 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: 06 Mar 2023
Net transactions value: -$449,038
Form type: 4
Filing time: 08 Mar 2023, 19:28:09 UTC
Previous filing: 16 Mar 2022
Next filing: 14 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	$493,923	+11,300	+46%	$43.71^*	35,964	06 Mar 2023	Direct
transaction	AJG	Common Stock	Tax liability	$942,961	-4,930	-14%	$191.27	31,034	06 Mar 2023	Direct
holding	AJG	Common Stock						215	06 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	Non-qualified Stock Option	Options Exercise	$0	-11,300	-100%	$0.000000^*	0	06 Mar 2023	Common Stock	11,300	$43.71	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Grate date of 3/17/2016.
F2	One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.