Douglas K. Howell - Mar 15, 2023 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Role
VP & Chief Financial Officer
Signature
/s/ Seth Diehl, by power of attorney
Stock symbol
AJG
Transactions as of
Mar 15, 2023
Transactions value $
-$575,543
Form type
4
Date filed
3/17/2023, 07:30 PM
Previous filing
Mar 14, 2023
Next filing
Mar 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJG Common Stock (restricted) Options Exercise -$576K -3.25K -36.41% $177.09 5.68K Mar 15, 2023 Direct F1

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 Award $0 +12.1K $0.00 12.1K Mar 15, 2023 Common Stock 12.1K $177.09 Direct F2
transaction AJG Notional Stock Units Options Exercise $0 +3.25K +1.58% $0.00 209K Mar 15, 2023 Common Stock 3.25K $0.00 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units deferred into the Supplemental Plan upon vesting.
F2 One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
F3 Each notional stock unit represents a right to receive one share of Gallagher common stock.
F4 Portions of these notional stock units are payable to the reporting person in shares of common stock in July of 2023, 2025, 2026 and 2027 and following the reporting person's separation from service.