R. Andrew Watts - 21 Feb 2025 Form 4 Insider Report for BROWN & BROWN, INC. (BRO)

Signature
/s/ R. Andrew Watts
Issuer symbol
BRO
Transactions as of
21 Feb 2025
Transactions value $
-$1,109,578
Form type
4
Date filed
25 Feb 2025, 17:00
Previous filing
17 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRO Common Stock, $.10 par value Tax liability -$1.11M -9.94K -8.9% $111.65 102K 21 Feb 2025 Direct F1, F2
transaction BRO Common Stock, $.10 par value (2019 SIP) Award $0 +15.9K +22.18% $0.00 87.5K 24 Feb 2025 Direct F3, F4
transaction BRO Common Stock, $.10 par value (2019 SIP) Award $0 +2.91K +3.33% $0.00 90.4K 24 Feb 2025 Direct F4
holding BRO Common Stock, $.10 par value 2.73K 21 Feb 2025 By Watts Family Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the vesting of 25,251 shares of stock under the Company's 2019 Stock Incentive Plan ("2019 SIP").
F2 A total of 357 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2024. Number of shares may vary due to dividend reinvestment.
F3 These securities were granted pursuant to the 2019 SIP. The initial grant was made on February 21, 2022, but was subject to the satisfaction of performance-based conditions established in connection with this grant. On February 24, 2025, the Company confirmed the satisfaction of the performance-based conditions established in connection with this grant, and the Reporting Person has voting rights and dividend entitlement with respect to these shares, but full ownership will not vest until the satisfaction of additional service-based conditions.
F4 These securities were granted pursuant to the 2019 SIP. The Reporting Person has voting rights and dividend entitlement with respect to these shares, but full ownership will not vest until the satisfaction of service-based conditions.