J. PATRICK GALLAGHER JR - 11 Aug 2021 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Role
President & CEO, Director
Signature
/s/ Seth Diehl, by power of attorney
Issuer symbol
AJG
Transactions as of
11 Aug 2021
Transactions value $
-$94,675
Form type
4
Filing time
12 Aug 2021, 20:30:37 UTC
Next filing
03 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJG Common Stock Options Exercise $0 +674 +0.73% $0.00 92.9K 11 Aug 2021 Direct
transaction AJG Common Stock Tax liability -$94.7K -674 -0.73% $140.39 92.2K 11 Aug 2021 Direct
holding AJG Common Stock 23.4K 11 Aug 2021 By Spouse's Trust F1
holding AJG Common Stock 256K 11 Aug 2021 By Corporation
holding AJG Common Stock 66.7K 11 Aug 2021 By Irrevocable Trust
holding AJG Common Stock 245K 11 Aug 2021 By Spouse F2
holding AJG Common Stock 220K 11 Aug 2021 By Trust F3
holding AJG Common Stock 121 11 Aug 2021 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 -674 -0.44% $0.00 152K 11 Aug 2021 Common Stock 674 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:

The transactions in this report relate solely to the payment of applicable taxes, in accordance with a schedule determined earlier in the year, with respect to a vested award under the Age 62 Plan.