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Filing Details

Accession Number:: 0001127602-23-023306
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-08-28 21:07:23
Reporting Period:: 2023-08-24

Accepted Time:: 2023-08-28 21:07:23
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
354190	Arthur J. Gallagher & Co.	AJG	Insurance Agents, Brokers & Service (6411)	362151613

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1222374	K Douglas Howell	2850 Golf Road Rolling Meadows IL 60008-4002	Vp & Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2023-08-24	189,753	$0.00	280,602	No	4	M	Direct
Common Stock	Disposition	2023-08-24	86,231	$221.53	194,371	No	4	F	Direct
Common Stock	Disposition	2023-08-24	30,000	$225.99	164,371	No	4	S	Direct
Common Stock	Disposition	2023-08-25	20,000	$225.87	144,371	No	4	S	Direct
Common Stock	Disposition	2023-08-25	10,000	$227.02	134,371	No	4	S	Direct
Common Stock	Disposition	2023-08-25	1,841	$229.11	132,530	No	4	S	Direct
Common Stock	Disposition	2023-08-28	4,588	$228.92	127,942	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Phantom Stock	Disposition	2023-08-24	189,753	$0.00	189,753	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
4,852			No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock (Restricted)	5,675	Direct
Common Stock	3,165	Indirect	By Spouse
Common Stock	293	Indirect	Gallagher 401(k) plan account

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Notional Stock Units	$0.00		194,301	194,301	Direct
Common Stock	Non-qualified Stock Option	$56.86	2024-03-16	16,800	16,800	Direct
Common Stock	Non-qualified Stock Option	$70.74	2025-03-15	14,900	14,900	Direct
Common Stock	Non-qualified Stock Option	$79.59	2026-03-14	14,100	14,100	Direct
Common Stock	Non-qualified Stock Option	$86.17	2027-03-12	17,130	17,130	Direct
Common Stock	Non-qualified Stock Option	$127.90	2028-03-16	31,265	31,265	Direct
Common Stock	Non-qualified Stock Option	$158.56	2029-03-15	14,545	14,545	Direct
Common Stock	Non-qualified Stock Option	$177.09	2030-03-15	12,107	12,107	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	194,301	194,301	Direct
2024-03-16	16,800	16,800	Direct
2025-03-15	14,900	14,900	Direct
2026-03-14	14,100	14,100	Direct
2027-03-12	17,130	17,130	Direct
2028-03-16	31,265	31,265	Direct
2029-03-15	14,545	14,545	Direct
2030-03-15	12,107	12,107	Direct

Footnotes

The price reported is an average weighted price. The shares were sold in multiple transactions on 8/24/2023 at prices ranging from $225.75 to $226.16. 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.
The price reported is an average weighted price. The shares were sold in multiple transactions on 8/25/2023 at prices ranging from $225.75 to $225.99. 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 ranges set forth in the footnotes to this Form 4.
The price reported is an average weighted price. The shares were sold in multiple transactions on 8/25/2023 at prices ranging from $227.00 to $227.26.
The price reported is an average weighted price. The shares were sold in multiple transactions on 8/25/2023 at prices ranging from $229.10 to $229.14.
The price reported is an average weighted price. The shares were sold in multiple transactions on 8/28/2023 at prices ranging from $228.90 to $229.12. 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.
The reporting person has no voting or invesment power over these shares and disclaims beneficial ownership.
Each share of phantom stock represents a right to receive one share of Gallagher common stock.
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.
Each notional stock unit represents a right to receive one share of Gallagher common stock.
Portions of these notional stock units are payable to the reporting person in shares of common stock in July of 2025, 2026 and 2027 and following the reporting person's separation from service.
One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.