Joel D. Cavaness - Jul 14, 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
Jul 14, 2023
Transactions value $
$0
Form type
4
Date filed
7/18/2023, 05:44 PM
Previous filing
Jun 12, 2023
Next filing
Nov 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJG Common Stock Options Exercise $0 +1.57K +1.17% $0.00 137K Jul 14, 2023 Direct
holding AJG Common Stock 2.02K Jul 14, 2023 By Spouse
holding AJG Common Stock 293 Jul 14, 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 Notional Stock Units Options Exercise $0 -1.57K -14.41% $0.00 9.35K Jul 14, 2023 Common Stock 1.57K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each notional stock unit represents a right to receive one share of Gallagher common stock.
F2 Portions of these notional stock units are payable to the reporting person at the following times: over a two year period beginning July 2023; over a five year period beginning July 2027; in a lump sum on July 2028; over a five year period beginning July 2028; and in a lump sum following the reporting person's separation from service.

Remarks:

This report discloses the distribution of notional stock units (representing equity compensation previously deferred by the reporting person in the Arthur J. Gallagher & Co. Supplemental Savings and Thrift Plan) in the form of Gallagher common stock. The timing of this distribution in July 2023 is in accordance with the terms of the Supplemental Savings and Thrift Plan and the reporting person's election at the time of deferral.