ROBERT W. LLOYD - 01 Jan 2022 Form 4 Insider Report for BROWN & BROWN, INC. (BRO)

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRO	Common Stock, $10 par value (2019 SIP)	Award	$0	+14,228	+269%	$0.000000	19,510	01 Jan 2022	Direct	F1
holding	BRO	Common Stock, $.10 par value (2010 SIP)						43,980	01 Jan 2022	Direct	F2
holding	BRO	Common Stock, $.10 par value						31,453	01 Jan 2022	Direct	F3
holding	BRO	Common Stock, $.10 par value (PSP)						21,048	01 Jan 2022	Direct	F4

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

Id	Content
F1	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.
F2	These securities were granted pursuant to the Company's 2010 Stock Incentive Plan ("2010 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	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.
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.