J. Hyatt Brown - 31 Dec 2021 Form 5 Insider Report for BROWN & BROWN, INC. (BRO)

Role
Chairman, Director, 10%+ Owner
Signature
/s/ J. Hyatt Brown
Issuer symbol
BRO
Transactions as of
31 Dec 2021
Net transactions value
$0
Form type
5
Filing time
14 Feb 2022, 07:18:53 UTC
Next filing
27 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRO Common Stock, $.10 par value Gift $0 -2,400,000 -100% $0.000000* 0 24 Nov 2021 Direct F1
transaction BRO Common Stock, $.10 par value Gift $0 +2,400,000 $0.000000 2,400,000 24 Nov 2021 Charitable Lead Annuity Trust F2
transaction BRO Common Stock, $.10 par value Gift $0 -1,380 -100% $0.000000* 0 30 Nov 2021 Revocable Trust F3, F4, F5
transaction BRO Common Stock, $.10 par value Gift $0 -15,452 -0.64% $0.000000 2,384,548 31 Dec 2021 Charitable Lead Annuity Trust F2
holding BRO Common Stock, $.10 par value 37,606,578 31 Dec 2021 Limited Partnership F1, F4, F6
holding BRO Common Stock, $.10 par value 136,000 31 Dec 2021 IRA
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Amount reflects 2,375,674 shares transferred from the Limited Partnership to the Reporting Person individually in October 2021 and 24,326 shares transferred from the Limited Partnership to the Reporting Person individually in November 2021.
F2 These shares are held by the James Hyatt Brown Nongrantor Charitable Lead Annuity Trust, of which the Reporting Person's spouse and three children are the trustees and of which his three children are the remainder beneficiaries.
F3 Amount reflects 1,380 shares transferred from the Limited Partnership to the Revocable Trust in November 2021.
F4 Amount reflects a correction to the Reporting Person's previous filings, which overstated the holdings of the Revocable Trust by 55,914 and understated the holdings of the Limited Partnership by 55,914.
F5 These shares are held by a revocable trust (the "Revocable Trust"), of which the Reporting Person and his spouse are the sole trustees and beneficiaries.
F6 These shares are held by Ormond Riverside, Limited Partnership (the "Limited Partnership"), of which Swakopmund, Inc. is the General Partner that has voting and investment power over such shares. Swakopmund, Inc. is 100% owned by the Swakopmund Trust of 2009, a revocable trust created by the Reporting Person, who is the sole trustee thereof and retains the sole voting and investment powers with respect to all the shares of Swakopmund, Inc.