Stephen M. Boyd - Aug 25, 2021 Form 4 Insider Report for BROWN & BROWN, INC. (BRO)

Signature
/s/ Anthony M. Robinson, for Stephen M. Boyd, per Power of Attorney
Stock symbol
BRO
Transactions as of
Aug 25, 2021
Transactions value $
-$409,083
Form type
4
Date filed
8/27/2021, 08:29 AM
Next filing
Jan 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRO Common Stock, $.10 par value Sale -$409K -7.05K -14.91% $58.03 40.2K Aug 25, 2021 Direct F1, F2
holding BRO Common Stock, $.10 par value (2010 SIP) 46.6K Aug 25, 2021 Direct F3
holding BRO Common Stock, $.10 par value (2019 SIP) 3.97K Aug 25, 2021 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $58.000 to $58.100, inclusive. The Reporting Person undertakes to provide Brown & Brown, Inc., any security holder of Brown & Brown, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F2 A total of 549 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2021. Number of shares may vary due to dividend reinvestment.
F3 These securities were granted pursuant to the Company's 2010 Stock Incentive Plan. 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.
F4 These securities were granted pursuant to the Company's 2019 Stock Incentive Plan. 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.