J. Patrick Gallagher Jr - Feb 23, 2022 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Role
President & CEO, Director
Signature
/s/ Seth Diehl, by power of attorney
Stock symbol
AJG
Transactions as of
Feb 23, 2022
Transactions value $
-$2,012,458
Form type
4
Date filed
2/25/2022, 05:32 PM
Previous filing
Feb 14, 2022
Next filing
Mar 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJG Common Stock Options Exercise $2.35M +51K +75.54% $46.17* 119K Feb 23, 2022 Direct
transaction AJG Common Stock Sale -$4.64M -30.3K -25.58% $152.93 88.2K Feb 23, 2022 Direct F1
holding AJG Common Stock 23.4K Feb 23, 2022 By Spouse's Trust F2
holding AJG Common Stock 256K Feb 23, 2022 By Corporation
holding AJG Common Stock 77.2K Feb 23, 2022 By Irrevocable Trust
holding AJG Common Stock 243K Feb 23, 2022 By Spouse F3
holding AJG Common Stock 220K Feb 23, 2022 By Trust F4
holding AJG Common Stock 244 Feb 23, 2022 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 Non-qualified Stock Option Options Exercise $0 -51K -100% $0.00* 0 Feb 23, 2022 Common Stock 51K $46.17 Direct F5
transaction AJG Notional Stock Units Award $269K +1.75K +3.21% $153.73 56.3K Feb 23, 2022 Common Stock 1.75K $0.00 Direct F6, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported is an average weighted price. The shares were sold in multiple transactions at prices ranging from $152.70 to $153.30. The reporting person will provide to the Securities and Exchange Commission staff, the issuer, or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 Shares held in trust for the benefit of my children of which I am sole Trustee.
F3 Shares held in revocable trust of which my spouse is sole Trustee and as to which I disclaim beneficial ownership.
F4 Held in trust for benefit of children.
F5 One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
F6 Each notional stock unit represents a right to receive one share of Gallagher common stock.
F7 Company match under Supplemental Savings and Thrift Plan.
F8 The notional stock units become payable following the reporting person's separation from service with Gallagher.