THOMAS JOSEPH GALLAGHER - 14 Jul 2023 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Role
VICE PRESIDENT
Signature
/s/ Seth Diehl, by power of attorney
Issuer symbol
AJG
Transactions as of
14 Jul 2023
Transactions value $
$0
Form type
4
Filing time
18 Jul 2023, 17:50:33 UTC
Previous filing
08 May 2023
Next filing
06 Dec 2023
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 +2.57K +0.83% $0.00 312K 14 Jul 2023 Direct
holding AJG Common Stock 62.3K 14 Jul 2023 By grantor retained annuity trust
holding AJG Common Stock 66.7K 14 Jul 2023 By Irrevocable Trust
holding AJG Common Stock 32.4K 14 Jul 2023 By wife
holding AJG Common Stock 117K 14 Jul 2023 By wife as trustee F1, F2
holding AJG Common Stock 293 14 Jul 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 14 Jul 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.