Richard C. Cary - May 10, 2023 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Role
Controller, CAO
Signature
/s/ Seth Diehl, by power of attorney
Stock symbol
AJG
Transactions as of
May 10, 2023
Transactions value $
-$442,913
Form type
4
Date filed
5/12/2023, 05:32 PM
Previous filing
Mar 17, 2023
Next filing
Feb 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJG Common Stock Options Exercise $69.5K +983 +2.64% $70.74 38.3K May 10, 2023 Direct
transaction AJG Common Stock Options Exercise $79.6K +1K +2.61% $79.59 39.3K May 10, 2023 Direct
transaction AJG Common Stock Options Exercise $105K +1.22K +3.11% $86.17 40.5K May 10, 2023 Direct
transaction AJG Common Stock Sale -$697K -3.2K -7.91% $217.62 37.3K May 10, 2023 Direct F1
holding AJG Common Stock 215 May 10, 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 -983 -100% $0.00* 0 May 10, 2023 Common Stock 983 $70.74 Direct F2
transaction AJG Non-qualified Stock Option Options Exercise $0 -1K -50.03% $0.00 999 May 10, 2023 Common Stock 1K $79.59 Direct F2
transaction AJG Non-qualified Stock Option Options Exercise $0 -1.22K -33.36% $0.00 2.44K May 10, 2023 Common Stock 1.22K $86.17 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 $217.50 to $217.75. 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.