Thomas Joseph Gallagher - Jul 14, 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
Jul 14, 2023
Transactions value $
$0
Form type
4
Date filed
7/18/2023, 05:50 PM
Previous filing
May 8, 2023
Next filing
Dec 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJG Common Stock Options Exercise $0 +2.57K +0.83% $0.00 312K Jul 14, 2023 Direct
holding AJG Common Stock 62.3K Jul 14, 2023 By grantor retained annuity trust
holding AJG Common Stock 66.7K Jul 14, 2023 By Irrevocable Trust
holding AJG Common Stock 32.4K Jul 14, 2023 By wife
holding AJG Common Stock 117K Jul 14, 2023 By wife as trustee F1, F2
holding AJG Common Stock 293 Jul 14, 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 Notional Stock Units Options Exercise $0 -2.57K -21.01% $0.00 9.66K Jul 14, 2023 Common Stock 2.57K $0.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F2 These shares are held in trusts, for the benefit of the reporting person's children, of which his wife is a trustee.
F3 Each notional stock unit represents a right to receive one share of Gallagher common stock.
F4 Portions of these notional stock units are payable to the reporting person in shares of common stock in July of 2023 and following the reporting person's separation from service.

Remarks:

This report discloses the distribution of notional stock units (representing compensation previously deferred by the reporting person in the Arthur J. Gallagher & Co. Supplemental Savings and Thrift Plan) in the form of Gallagher common stock. The timing of this distribution in July 2023 is in accordance with the terms of the Supplemental Savings and Thrift Plan and the reporting person's election at the time of deferral.