Patrick Murphy Gallagher - Mar 8, 2023 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Role
Vice President
Signature
/s/ Seth Diehl, by power of attorney
Stock symbol
AJG
Transactions as of
Mar 8, 2023
Transactions value $
-$523,653
Form type
4
Date filed
3/10/2023, 04:01 PM
Previous filing
Feb 14, 2023
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJG Common Stock Options Exercise $433K +9.9K +33.81% $43.71* 39.2K Mar 8, 2023 Direct
transaction AJG Common Stock Sale -$956K -5.05K -12.89% $189.35 34.1K Mar 8, 2023 Direct F5
holding AJG Common Stock 8.91K Mar 8, 2023 By Spouse as Trustee F1
holding AJG Common Stock 182 Mar 8, 2023 Gallagher 401(k) plan account
holding AJG Common Stock 7.62K Mar 8, 2023 By Spouse's Trust F2
holding AJG Common Stock 81.1K Mar 8, 2023 By Trust F3
holding AJG Common Stock 18.2K Mar 8, 2023 By Trust F4
holding AJG Common Stock 54.4K Mar 8, 2023 By Irrevocable Trust

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 -9.9K -100% $0.00* 0 Mar 8, 2023 Common Stock 9.9K $43.71 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held in trusts, for the benefit of the reporting person's children, of which his wife is sole trustee.
F2 Shares held in revocable trust of which the reporting person's spouse is sole Trustee and as to which he disclaims beneficial ownership.
F3 Shares held in trust for the benefit of the reporting person's children, of which he is a trustee.
F4 Shares held in trust for the benefit of the reporting person's children, of which he is a trustee.
F5 The price reported is an average weighted price. The shares were sold in multiple transactions at prices ranging from $189.32 to $189.35. 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.
F6 Grant date of 3/17/2016.
F7 One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.