R. Andrew Watts - 19 Dec 2025 Form 4 Insider Report for BROWN & BROWN, INC. (BRO)

Role: EVP, CFO and Treasurer
Signature: /s/ R. Andrew Watts
Issuer symbol: BRO
Transactions as of: 19 Dec 2025
Net transactions value: $0
Form type: 4
Filing time: 22 Dec 2025, 08:48:50 UTC
Previous filing: 25 Feb 2025
Next filing: 25 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Watts R. Andrew	EVP, CFO and Treasurer	300 N. BEACH STREET, DAYTONA BEACH	/s/ R. Andrew Watts	22 Dec 2025	0001600662

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRO	Common Stock, $.10 par value	Gift	$0	-3,592	-3.5%	$0.000000	98,397	19 Dec 2025	Direct	F1
transaction	BRO	Common Stock, $.10 par value	Gift	$0	+470	+17%	$0.000000	3,198	19 Dec 2025	By Watts Family Trust
holding	BRO	Common Stock, $.10 par value (2019 SIP)						90,359	19 Dec 2025	Direct	F2

* 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 reinvestment.
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.