Douglas K. Howell - Mar 16, 2024 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Role
VP & Chief Financial Officer
Signature
/s/ Ryan Session, by power of attorney
Stock symbol
AJG
Transactions as of
Mar 16, 2024
Transactions value $
-$1,934,978
Form type
4
Date filed
3/19/2024, 08:17 PM
Previous filing
Mar 18, 2024
Next filing
May 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJG Common Stock (restricted) Award $0 +11.4K +398.88% $0.00 14.2K Mar 16, 2024 Direct F1
transaction AJG Common Stock (restricted) Options Exercise $0 -5.68K -39.98% $0.00 8.53K Mar 16, 2024 Direct
transaction AJG Common Stock Options Exercise $0 +5.68K +6.42% $0.00 94.2K Mar 16, 2024 Direct
transaction AJG Common Stock (restricted) Options Exercise -$1.44M -5.68K -66.6% $253.17 2.85K Mar 16, 2024 Direct
transaction AJG Common Stock Tax liability -$496K -1.96K -2.16% $253.17 88.5K Mar 16, 2024 Direct
holding AJG Common Stock 3.17K Mar 16, 2024 By Spouse F2
holding AJG Common Stock 368 Mar 16, 2024 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 +5.68K +2.75% $0.00 213K Mar 16, 2024 Common Stock 5.68K $0.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance share units (awarded on March 16, 2021) earned and vested as of March 16, 2024.
F2 The reporting person has no voting or invesment power over these shares and disclaims beneficial ownership.
F3 Each notional stock unit represents a right to receive one share of Gallagher common stock.
F4 Portions of these notional stock units are payable to the reporting person in shares of common stock in July of 2025, 2026 and 2027 and following the reporting person's separation from service.