Scott R. Hudson - 02 May 2024 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Role
Vice President
Signature
/s/ Ryan Session, by power of attorney
Issuer symbol
AJG
Transactions as of
02 May 2024
Transactions value $
-$391,123
Form type
4
Filing time
06 May 2024, 18:50:12
Previous filing
01 May 2024
Next filing
18 Jun 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 +3.91K +3.85% $0.00 105K 02 May 2024 Direct
transaction AJG Common Stock Tax liability -$391K -1.64K -1.56% $238.54 104K 02 May 2024 Direct
holding AJG Common Stock 288 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 -3.91K -65.62% $0.00 2.05K 02 May 2024 Common Stock 3.91K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of phantom stock represents a right to receive one share of Gallagher common stock.
F2 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.