Arthur J. Gallagher & Co. — Director's Dealing 2022

Feb 24, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Arthur J. Gallagher & Co. (AJG)
CIK: 0000354190
Period of Report: 2022-02-22

Reporting Person: GALLAGHER THOMAS JOSEPH (VICE PRESIDENT)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-22	Common Stock	M	26800	$46.17	Acquired	285605	Direct
2022-02-22	Common Stock	M	10000	$43.71	Acquired	295605	Direct
2022-02-22	Common Stock	S	36800	$153.24	Disposed	258805	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-22	Non-qualified Stock Option	$46.17	M	26800	Disposed	2022-03-11	Common Stock (26800)	Direct
2022-02-22	Non-qualified Stock Option	$43.71	M	10000	Disposed	2023-03-17	Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	96007	Indirect
Common Stock	66709	Indirect
Common Stock	31671	Indirect
Common Stock	89960	Indirect
Common Stock	121.1	Indirect

Footnotes

F1: The price reported is an average weighted price. The shares were sold in multiple transactions at prices ranging from $153.07 to $153.41. The reporting person will provide to the Securities and Exchange Commission staff, the issuer, or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F2: 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.

F3: These shares are held in trusts, for the benefit of the reporting person's children, of which his wife is a trustee.

F4: One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.