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

Mar 17, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Arthur J. Gallagher & Co. (AJG)
CIK: 0000354190
Period of Report: 2023-03-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-15	Common Stock (restricted)	M	3250	$177.09	Disposed	5675	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-15	Non-qualified Stock Option	$177.09	A	12107	Acquired	2030-03-15	Common Stock (12107)	Direct
2023-03-15	Notional Stock Units	$0	M	3250	Acquired		Common Stock (3250)	Direct

Footnotes

F1: Restricted stock units deferred into the Supplemental Plan upon vesting.

F2: One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.

F3: Each notional stock unit represents a right to receive one share of Gallagher common stock.

F4: Portions of these notional stock units are payable to the reporting person in shares of common stock in July of 2023, 2025, 2026 and 2027 and following the reporting person's separation from service.