J. PATRICK GALLAGHER JR - 13 Feb 2025 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Role: CEO, Director
Signature: /s/ Ryan Session, by power of attorney
Issuer symbol: AJG
Transactions as of: 13 Feb 2025
Transactions value $: -$4,589,879
Form type: 4
Filing time: 14 Feb 2025, 16:16:59 UTC
Previous filing: 01 Nov 2024
Next filing: 05 Mar 2025
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	$2.93M	+41.4K	+28.17%	$70.74	188K	13 Feb 2025	Direct
transaction	AJG	Common Stock	Tax liability	-$7.52M	-22.9K	-12.17%	$327.99	165K	13 Feb 2025	Direct
holding	AJG	Common Stock						23.4K	13 Feb 2025	By Spouse's Trust	F1
holding	AJG	Common Stock						256K	13 Feb 2025	By Corporation
holding	AJG	Common Stock						66.7K	13 Feb 2025	By Irrevocable Trust
holding	AJG	Common Stock						272K	13 Feb 2025	By Spouse	F2
holding	AJG	Common Stock						220K	13 Feb 2025	By Trust	F3
holding	AJG	Common Stock						368	13 Feb 2025	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	-41.4K	-100%	$0.00	0	13 Feb 2025	Common Stock	41.4K	$70.74	Direct	F4

* 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	One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.