Chris L. Walker - Feb 21, 2022 Form 4 Insider Report for BROWN & BROWN, INC. (BRO)

Role
EVP and Pres. Programs Segment
Signature
/s/ Chris Walker
Stock symbol
BRO
Transactions as of
Feb 21, 2022
Transactions value $
$0
Form type
4
Date filed
2/22/2022, 08:07 PM
Previous filing
Jan 3, 2022
Next filing
Feb 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRO Common Stock, $.10 par value (2010 SIP) Award $0 +22.9K +33.29% $0.00 91.6K Feb 21, 2022 Direct F1, F2
transaction BRO Common Stock, $10 par value (2019 SIP) Award $0 +1.89K +5.6% $0.00 35.6K Feb 21, 2022 Direct F3, F4
holding BRO Common Stock, $.10 par value 95.7K Feb 21, 2022 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities were granted pursuant to the Company's 2010 Stock Incentive Plan ("2010 SIP"). The initial grant was made on February 25, 2019, but was subject to the satisfaction of performance-based conditions established in connection with this grant. On February 21, 2022, the Company confirmed the satisfaction of the performance-based conditions established in connection with this grant, and effective February 25, 2022, the Reporting Person will have voting rights and dividend entitlement with respect to these shares, but full ownership will not vest until the satisfaction of additional service-based conditions.
F2 These securities were granted pursuant to the 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 These restricted stock units were granted pursuant to the Company's 2019 Stock Incentive Plan ("2019 SIP").
F4 These securities were granted pursuant to the 2019 SIP. With respect to securities that are restricted stock awards, 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. With respect to securities that are restricted stock units, the Reporting Person has dividend equivalent entitlement, but shares will not be delivered until the satisfaction of service-based conditions or the Reporting Person's qualified retirement.
F5 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.