Scott R. Hudson - Mar 1, 2024 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
Mar 1, 2024
Transactions value $
$499,999
Form type
4
Date filed
3/5/2024, 07:10 PM
Previous filing
Nov 8, 2023
Next filing
Mar 14, 2024

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 +10K $0.00 10K Mar 1, 2024 Common Stock 10K $243.54 Direct F1
transaction AJG Phantom Stock Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities $500K +2.06K +50.74% $243.13 6.11K Mar 4, 2024 Common Stock 2.06K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One-third of this stock option becomes exercisable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
F2 Each share of phantom stock represents a right to receive one share of Gallagher common stock.
F3 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.