J. Powell Brown - 15 Dec 2025 Form 4 Insider Report for BROWN & BROWN, INC. (BRO)

Role: President and CEO, Director
Signature: /s/ J. Powell Brown
Issuer symbol: BRO
Transactions as of: 15 Dec 2025
Net transactions value: $0
Form type: 4
Filing time: 15 Dec 2025, 17:00:03 UTC
Previous filing: 24 Feb 2025
Next filing: 31 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
BROWN J POWELL	President and CEO, Director	300 N. BEACH STREET, DAYTONA BEACH	/s/ J. Powell Brown	15 Dec 2025	0001208478

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRO	Common Stock, $.10 par value	Gift	$0	+474	+0.02%	$0.000000	2,812,487	15 Dec 2025	Direct	F1
holding	BRO	Common Stock, $.10 par value (2019 SIP)						221,847	15 Dec 2025	Direct	F2
holding	BRO	Common Stock, $.10 par value (2010 SIP)						299,264	15 Dec 2025	Direct	F3
holding	BRO	Common Stock, $.10 par value (PSP)						32,000	15 Dec 2025	Direct	F4
holding	BRO	Common Stock, $.10 par value						43,121	15 Dec 2025	401k	F5
holding	BRO	Common Stock, $.10 par value						1,954,590	15 Dec 2025	Charitable Lead Annuity Trust	F6
holding	BRO	Common Stock, $.10 par value						32,241	15 Dec 2025	Children	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	A total of 248 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2025. Number of shares may vary due to dividend reinvesment.
F2	These securities were granted pursuant to the Company's 2019 Stock Incentive Plan ("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.
F3	These securities were granted pursuant to the Company's 2010 Stock Incentive Plan ("2010 SIP"). The Reporting Person has votin rights and dividend entitlement with respect to these shares, but full ownership will not vest until the satisfaction of service-based conditions.
F4	These securities were granted pursuant to the Company's Performance Stock Plan ("PSP"). Based on the satisfaction of conditions established pursuant to the PSP, the Reporting Person has voting rights and dividend entitlement with respect to these shares based on the satisfaction of certain performance-based criteria, but full ownership will not vest until the satisfaction of additional conditions.
F5	Based upon the information supplied by the plan record keeper as of December 31, 2024. Number of shares varies periodically based on contributions to the plan.
F6	These shares are held by the James Hyatt Brown Nongrantor Charitable Lead Annuity Trust, of which the Reporting Person is a trustee and remainder beneficiary.
F7	Reporting person disclaims beneficial ownership of securities owned by children who share the Reporting person's household. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purpose of Section 16 or for any other purpose.