other material
confidence high
sentiment neutral
materiality 0.55
Arthur J. Gallagher enters into ATM equity distribution agreement for up to 3M shares
Arthur J. Gallagher & Co.
- Company may sell up to 3,000,000 shares of common stock in at-the-market offerings through Morgan Stanley.
- Commission to Morgan Stanley will not exceed 1.25% of gross sales price of shares sold.
- Agreement replaces prior equity distribution agreement under which no sales were made.
- Shares will be sold at prevailing market prices; no obligation to sell or buy any shares.
- Issuance under shelf registration statement filed February 12, 2024.