Arthur J. Gallagher & Co. — Director's Dealing 2021

Mar 18, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Arthur J. Gallagher & Co. (AJG)
CIK: 0000354190
Period of Report: 2021-03-16

Reporting Person: HOWELL DOUGLAS K (VP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-17	Common Stock (restricted)	M	5350	$128.43	Disposed	12625	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-16	Non-qualified Stock Option	$127.90	A	31265	Acquired	2028-03-16	Common Stock (31265)	Direct
2021-03-17	Notional Stock Units	$0	M	5350	Acquired		Common Stock (5350)	Direct
2021-03-17	Phantom Stock	$	I	4708.8	Acquired		Common Stock (4708.8)	Direct

Footnotes

F1: One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.

F2: Each notional stock unit represents a right to receive one share of Gallagher common stock.

F3: Portions of these notional stock units are payable to the reporting person in shares of common stock in July of 2021, 2022, 2023, 2025 and 2026 and following the reporting person's separation from service.

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.