Richard C. Cary - 05 Nov 2024 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Role
Controller, CAO
Signature
/s/ Ryan Session, by power of attorney
Issuer symbol
AJG
Transactions as of
05 Nov 2024
Net transactions value
-$9,233,846
Form type
4
Filing time
07 Nov 2024, 18:03:43 UTC
Previous filing
12 Feb 2025
Next filing
11 Mar 2025
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 +74,087 +193% $0.000000 112,526 05 Nov 2024 Direct
transaction AJG Common Stock Tax liability $9,233,846 -32,752 -29% $281.93 79,774 05 Nov 2024 Direct
holding AJG Common Stock 368 05 Nov 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 -74,087 -99% $0.000000 620 05 Nov 2024 Common Stock 74,087 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: (1) the distribution, following administrative processing after vesting, of Gallagher common stock in the Age 62 Plan; and (2) the withholding of shares to cover applicable taxes.