Richard C. Cary - Nov 5, 2024 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Signature
/s/ Ryan Session, by power of attorney
Stock symbol
AJG
Transactions as of
Nov 5, 2024
Transactions value $
-$9,233,846
Form type
4
Date filed
11/7/2024, 06:03 PM
Previous filing
May 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJG Common Stock Options Exercise $0 +74.1K +192.74% $0.00 113K Nov 5, 2024 Direct
transaction AJG Common Stock Tax liability -$9.23M -32.8K -29.11% $281.93 79.8K Nov 5, 2024 Direct
holding AJG Common Stock 368 Nov 5, 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 -74.1K -99.17% $0.00 620 Nov 5, 2024 Common Stock 74.1K 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.