Scott R. Hudson - Nov 6, 2023 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Role
Vice President
Signature
/s/ Ryan Session, by power of attorney
Stock symbol
AJG
Transactions as of
Nov 6, 2023
Transactions value $
-$8,364,221
Form type
4
Date filed
11/8/2023, 05:23 PM
Previous filing
Nov 2, 2023
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJG Common Stock Options Exercise $0 +81.9K +166.73% $0.00 131K Nov 6, 2023 Direct
transaction AJG Common Stock Tax liability -$8.36M -34.4K -26.22% $243.33 96.7K Nov 6, 2023 Direct
holding AJG Common Stock 215 Nov 6, 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 -81.9K -95.29% $0.00 4.05K Nov 6, 2023 Common Stock 81.9K 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:

This filing reports: (1) the distribution, following administrative processing after vesting, of Gallagher common stock in the Age 62 Plan; and (2) the withholding of shares to cover applicable taxes.