Arthur J. Gallagher & Co. — Director's Dealing 2023

Nov 22, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Arthur J. Gallagher & Co. (AJG)
CIK: 0000354190
Period of Report: 2023-11-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-11-20	Common Stock	M	1800	$56.86	Acquired	129741.5662	Direct
2023-11-20	Common Stock	S	11800	$247.22	Disposed	117941.5662	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-11-20	Non-qualified Stock Option	$56.86	M	1800	Disposed	2024-03-16	Common Stock (1800)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3165	Indirect
Common Stock	293.47	Indirect

Footnotes

F1: The reporting person has no voting or invesment power over these shares and disclaims beneficial ownership.

F2: The price reported is an average weighted price. The shares were sold in multiple transactions at prices ranging from $246.89 to $247.41. 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.

F3: One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.