J. Patrick Gallagher Jr - May 2, 2024 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Role
President & CEO, Director
Signature
/s/ Ryan Session, by power of attorney
Stock symbol
AJG
Transactions as of
May 2, 2024
Transactions value $
-$1,172,893
Form type
4
Date filed
5/6/2024, 06:40 PM
Previous filing
May 1, 2024
Next filing
May 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJG Common Stock Options Exercise $0 +11.7K +7.15% $0.00 176K May 2, 2024 Direct
transaction AJG Common Stock Tax liability -$1.17M -4.92K -2.8% $238.54 171K May 2, 2024 Direct
holding AJG Common Stock 23.4K May 2, 2024 By Spouse's Trust F1
holding AJG Common Stock 256K May 2, 2024 By Corporation
holding AJG Common Stock 66.7K May 2, 2024 By Irrevocable Trust
holding AJG Common Stock 272K May 2, 2024 By Spouse F2
holding AJG Common Stock 219K May 2, 2024 By Trust F3
holding AJG Common Stock 368 May 2, 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 Phantom Stock Options Exercise $0 -11.7K -7.96% $0.00 135K May 2, 2024 Common Stock 11.7K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held in trust for the benefit of my children of which I am sole Trustee.
F2 Shares held in revocable trust of which my spouse is sole Trustee and as to which I disclaim beneficial ownership.
F3 Held in trust for benefit of children.
F4 Each share of phantom stock represents a right to receive one share of Gallagher common stock.
F5 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 the distribution of shares, and the withholding of shares for taxes, in connection with an Age 62 Plan award that vested earlier in the year during a quarterly trading blackout period.