Vishal Jain - Feb 24, 2022 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: Feb 24, 2022
Transactions value $: $424,764
Form type: 4
Date filed: 2/25/2022, 05:56 PM
Next filing: Mar 16, 2022
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	$425K	+9.2K	+81.02%	$46.17^*	20.6K	Feb 24, 2022	Direct
holding	AJG	Common Stock						215	Feb 24, 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	Options Exercise	$0	-9.2K	-100%	$0.00^*	0	Feb 24, 2022	Common Stock	9.2K	$46.17	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Grant date of 3/11/2015.
F2	One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.