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Arthur J. Gallagher & Co. — Director's Dealing 2022
Mar 16, 2022
29910_dirs_2022-03-16_f8922c15-2df9-4268-b509-700d6d3007ef.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Arthur J. Gallagher & Co. (AJG)
CIK: 0000354190
Period of Report: 2022-03-14
Reporting Person: HOWELL DOUGLAS K (VP & Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-03-14 | Common Stock (restricted) | A | 16900 | — | Acquired | 29525 | Direct |
| 2022-03-14 | Common Stock (restricted) | M | 8450 | — | Disposed | 21075 | Direct |
| 2022-03-14 | Common Stock | M | 8450 | — | Acquired | 73287.1015 | Direct |
| 2022-03-14 | Common Stock (restricted) | M | 8450 | $154.74 | Disposed | 12625 | Direct |
| 2022-03-14 | Common Stock | F | 3645 | $154.74 | Disposed | 69642.1015 | Direct |
| 2022-03-16 | Common Stock (restricted) | M | 3700 | $162.67 | Disposed | 8925 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-03-14 | Notional Stock Units | $0 | M | 8450 | Acquired | Common Stock (8450) | Direct | |
| 2022-03-15 | Non-qualified Stock Option | $158.56 | A | 14545 | Acquired | 2029-03-15 | Common Stock (14545) | Direct |
| 2022-03-16 | Notional Stock Units | $0 | M | 3700 | Acquired | Common Stock (3700) | Direct | |
| 2022-03-16 | Phantom Stock | $ | I | 3791.3 | Acquired | Common Stock (3791.3) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 3165 | Indirect |
| Common Stock | 214.63 | Indirect |
Footnotes
F1: Performance share units (awarded on March 14, 2019) earned and vested as of March 14, 2022.
F2: Restricted stock units deferred into the Supplemental Plan upon vesting.
F3: The reporting person has no voting or invesment power over these shares and disclaims beneficial ownership.
F4: Each notional stock unit represents a right to receive one share of Gallagher common stock.
F5: 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.
F6: One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
F7: Each share of phantom stock represents a right to receive one share of Gallagher common stock.
F8: 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.