Joel D. Cavaness - Mar 16, 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 16, 2024
Transactions value $
-$840,722
Form type
4
Date filed
3/19/2024, 08:54 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 +7.18K $0.00 7.18K Mar 16, 2024 Direct F1
transaction AJG Common Stock (restricted) Options Exercise $0 -7.18K -100% $0.00* 0 Mar 16, 2024 Direct
transaction AJG Common Stock Options Exercise $0 +7.18K +4.63% $0.00 162K Mar 16, 2024 Direct
transaction AJG Common Stock Tax liability -$651K -2.57K -1.58% $253.17 160K Mar 16, 2024 Direct
transaction AJG Common Stock Options Exercise $29.1K +366 +18.1% $79.59* 2.39K Mar 18, 2024 By Spouse
transaction AJG Common Stock Options Exercise $37.7K +437 +18.3% $86.17* 2.83K Mar 18, 2024 By Spouse
transaction AJG Common Stock Options Exercise $51.7K +404 +14.3% $127.90 3.23K Mar 18, 2024 By Spouse
transaction AJG Common Stock Sale -$308K -1.21K -37.37% $255.20 2.02K Mar 18, 2024 By Spouse F2
holding AJG Common Stock (restricted) 700 Mar 16, 2024 By Spouse
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 Non-qualified Stock Option Options Exercise $0 -366 -2.08% $0.00 17.3K Mar 18, 2024 Common Stock 366 $79.59 Direct F3
transaction AJG Non-qualified Stock Option Options Exercise $0 -437 -2.18% $0.00 19.6K Mar 18, 2024 Common Stock 437 $86.17 Direct F3
transaction AJG Non-qualified Stock Option Options Exercise $0 -404 -1.93% $0.00 20.5K Mar 18, 2024 Common Stock 404 $127.90 Direct F3
* 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 price reported is an average weighted price. The shares were sold in multiple transactions at prices ranging from $255.14 to $255.24. The reporting person will provide to the Securities and Exchange Commission staff, the issuer, or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.