J. Patrick Gallagher Jr. - 02 May 2024 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Role: President & CEO, Director
Signature: /s/ Ryan Session, by power of attorney
Issuer symbol: AJG
Transactions as of: 02 May 2024
Net transactions value: -$1,172,893
Form type: 4
Filing time: 06 May 2024, 18:40:06 UTC
Previous filing: 01 May 2024
Next filing: 28 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AJG	Common Stock	Options Exercise	$0	+11,720	+7.1%	$0.000000	175,716	02 May 2024	Direct
transaction	AJG	Common Stock	Tax liability	$1,172,893	-4,917	-2.8%	$238.54	170,799	02 May 2024	Direct
holding	AJG	Common Stock						23,448	02 May 2024	By Spouse's Trust	F1
holding	AJG	Common Stock						255,965	02 May 2024	By Corporation
holding	AJG	Common Stock						66,703	02 May 2024	By Irrevocable Trust
holding	AJG	Common Stock						271,525	02 May 2024	By Spouse	F2
holding	AJG	Common Stock						219,175	02 May 2024	By Trust	F3
holding	AJG	Common Stock						368	02 May 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	-11,720	-8%	$0.000000	135,457	02 May 2024	Common Stock	11,720		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.