J. Patrick Gallagher Jr - May 10, 2023 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
May 10, 2023
Transactions value $
-$841,149
Form type
4
Date filed
5/12/2023, 05:25 PM
Previous filing
May 8, 2023
Next filing
May 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJG Common Stock Options Exercise $0 +9.22K +8.96% $0.00 112K May 10, 2023 Direct
transaction AJG Common Stock Tax liability -$841K -3.87K -3.45% $217.32 108K May 10, 2023 Direct
holding AJG Common Stock 23.4K May 10, 2023 By Spouse's Trust F1
holding AJG Common Stock 256K May 10, 2023 By Corporation
holding AJG Common Stock 94.9K May 10, 2023 By Irrevocable Trust
holding AJG Common Stock 242K May 10, 2023 By Spouse F2
holding AJG Common Stock 219K May 10, 2023 By Trust F3
holding AJG Common Stock 293 May 10, 2023 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 -9.22K -6.21% $0.00 139K May 10, 2023 Common Stock 9.22K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held in trust for the benefit of my children of which I am sole Trustee.
F2 Shares held in revocable trust of which my spouse is sole Trustee and as to which I disclaim beneficial ownership.
F3 Held in trust for benefit of children.
F4 Each share of phantom stock represents a right to receive one share of Gallagher common stock.
F5 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 the distribution of shares, and the withholding of shares for taxes, in connection with an Age 62 Plan award that vested earlier in the year during a quarterly trading blackout period.