J. Patrick Gallagher Jr - Mar 10, 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
Mar 10, 2022
Transactions value $
-$2,026,830
Form type
4
Date filed
3/16/2022, 08:56 PM
Previous filing
Feb 25, 2022
Next filing
May 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJG Common Stock Gift $0 -320 -0.15% $0.00 219K Mar 10, 2022 By Trust F1
transaction AJG Common Stock (restricted) Award $0 +52.9K $0.00 52.9K Mar 14, 2022 Direct F2
transaction AJG Common Stock (restricted) Options Exercise $0 -52.9K -100% $0.00* 0 Mar 14, 2022 Direct
transaction AJG Common Stock Options Exercise $0 +52.9K +53.56% $0.00 152K Mar 14, 2022 Direct
transaction AJG Common Stock Tax liability -$3.53M -22.8K -15.04% $154.74 129K Mar 14, 2022 Direct
holding AJG Common Stock 23.4K Mar 10, 2022 By Spouse's Trust F3
holding AJG Common Stock 256K Mar 10, 2022 By Corporation
holding AJG Common Stock 66.7K Mar 10, 2022 By Irrevocable Trust
holding AJG Common Stock 243K Mar 10, 2022 By Spouse F4
holding AJG Common Stock 215 Mar 10, 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 Award $0 +35.8K $0.00 35.8K Mar 15, 2022 Common Stock 35.8K $158.56 Direct F5
transaction AJG Phantom Stock Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities $1.5M +9.48K +6.91% $158.26 147K Mar 16, 2022 Common Stock 9.48K Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Held in trust for benefit of children.
F2 Performance share units (awarded on March 14, 2019) earned and vested as of March 14, 2022.
F3 Shares held in trust for the benefit of my children of which I am sole Trustee.
F4 Shares held in revocable trust of which my spouse is sole Trustee and as to which I disclaim beneficial ownership.
F5 One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
F6 Each share of phantom stock represents a right to receive one share of Gallagher common stock.
F7 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.