Form 4 for AJG Arthur J. Gallagher & Co.
Accepted 2023-05-08 00:00:00 ET · period of report 2023-05-04 · accession 0001127602-23-014940 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-05-08 | 2023-05-04 | AJG | Cavaness Joel D | VP | S - Sale+OE | $210.57 | -33.3K | 135.2K | -20% | -$7.01M |
| DM | 2023-05-08 | 2023-05-04 | AJG | Cavaness Joel D | VP | M - OptEx | $56.62 | +23.4K | 145.3K | +19% | +$1.32M |
| D | 2023-05-08 | 2023-05-04 | AJG | Cavaness Joel D | VP | F - Tax | $211.72 | -98.04 | 145.2K | -0.1% | -$20.8K |
| DM | 2023-05-08 | 2023-05-04 | AJG | Cavaness Joel D | VP | M - OptEx | $0.00 | -23.4K | 124.7K | -16% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-05-04 | S | D | 33,300 | $210.57 | 135,178 | D | — | — | (F2) The price reported is an average weighted price. The shares were sold in multiple transactions at prices ranging from $210.40 to $210.94. 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. |
| 2 | Common | Common Stock | 2023-05-04 | M | A | 23,300 | $56.86 | 168,478 | D | — | — | |
| 3 | Common | Common Stock | 2023-05-04 | M | A | 98.04 | $0.00 | 145,276.04 | D | — | — | |
| 4 | Common | Common Stock | 2023-05-04 | F | D | 98.04 | $211.72 | 145,178 | D | — | — | (F1) Shares sold to cover payment of applicable taxes, in accordance with a schedule determined earlier in the year, with respect to a vested award under the Age 62 Plan. |
| 5 | Derivative | Non-qualified Stock Option | 2023-05-04 | M | D | 23,300 | $0.00 | 1,600 | D | $56.86 · — to 2024-03-16 | 23,300 Common Stock | (F5) One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date. |
| 6 | Derivative | Phantom Stock | 2023-05-04 | M | D | 98.04 | $0.00 | 124,670.83 | D | — · — to — | 98.04 Common Stock | (F3) Each share of phantom stock represents a right to receive one share of Gallagher common stock. (F4) 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. |