Douglas K. Howell - Mar 15, 2025 Form 4 Insider Report for Arthur J. Gallagher & Co. (AJG)

Role
VP & Chief Financial Officer
Signature
/s/ Ryan Session, by power of attorney
Stock symbol
AJG
Transactions as of
Mar 15, 2025
Transactions value $
-$1,262,012
Form type
4
Date filed
3/18/2025, 06:22 PM
Previous filing
Mar 14, 2025
Next filing
Apr 2, 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 $63.7K +900 +1.18% $70.74 76.9K Mar 15, 2025 Direct F1
transaction AJG Common Stock Tax liability -$131K -403 -0.52% $325.24 76.5K Mar 15, 2025 Direct F2
transaction AJG Common Stock (restricted) Award $0 +9.61K $0.00 9.61K Mar 15, 2025 Direct F3
transaction AJG Common Stock (restricted) Options Exercise $0 -9.16K -95.32% $0.00 450 Mar 15, 2025 Direct F4
transaction AJG Common Stock Options Exercise $0 +9.16K +11.98% $0.00 85.6K Mar 15, 2025 Direct F4
transaction AJG Common Stock Tax liability -$1.19M -3.67K -4.29% $325.24 81.9K Mar 15, 2025 Direct F5
holding AJG Common Stock 3.17K Mar 15, 2025 By Spouse F6
holding AJG Common Stock 368 Mar 15, 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 -900 -100% $0.00 0 Mar 15, 2025 Common Stock 900 $70.74 Direct F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents stock options that automatically exercised upon expiration pursuant to the terms of the award agreement.
F2 Shares withheld by the company to cover exercise price and tax liability upon the automatic stock option exercise reported on this form.
F3 Performance share units (awarded on March 15, 2022) earned and vested as of March 15, 2025.
F4 Conversion of restricted stock units to common stock resulting from the earned and vested performance share units.
F5 Shares withheld to cover tax liability related to the reporting person's receipt of common stock from the earned performance share units reported on this form.
F6 The reporting person has no voting or invesment power over these shares and disclaims beneficial ownership.
F7 One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.