R. Andrew Watts - Dec 31, 2021 Form 5 Insider Report for BROWN & BROWN, INC. (BRO)

Role
EVP, CFO and Treasurer
Signature
/s/ R. Andrew Watts
Stock symbol
BRO
Transactions as of
Dec 31, 2021
Transactions value $
$0
Form type
5
Date filed
2/10/2022, 04:00 PM
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 Gift $0 -856 -0.73% $0.00 117K Dec 30, 2021 Direct F1, F2
transaction BRO Common Stock, $.10 par value Gift $0 +856 $0.00 856 Dec 30, 2021 By Watts Family Trust F1
holding BRO Common Stock, $.10 par value (2010 SIP) 75.4K Dec 31, 2021 Direct F3
holding BRO Common Stock, $10 par value (2019 SIP) 8.21K Dec 31, 2021 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 30, 2021, the Reporting Person transferred 856 shares of common stock to a family trust, of which the Reporting Person and his spouse are trustees. The Reporting Person's children are the sole beneficiaries of the trust.
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 ("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.
F4 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.