Vishal Jain - 23 Aug 2023 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Role
VICE PRESIDENT
Signature
/s/ Ryan Session, by power of attorney
Issuer symbol
AJG
Transactions as of
23 Aug 2023
Net transactions value
-$294,503
Form type
4
Filing time
24 Aug 2023, 18:49:30 UTC
Previous filing
17 Mar 2023
Next filing
05 Mar 2024
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 +1,331 +3.8% $0.000000 36,464 23 Aug 2023 Direct
transaction AJG Common Stock Tax liability $294,503 -1,331 -3.6% $221.28 35,133 23 Aug 2023 Direct
holding AJG Common Stock 293 23 Aug 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 -1,331 -3.7% $0.000000 34,889 23 Aug 2023 Common Stock 1,331 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. Exhibit List: Ex-24 Power of Attorney.