R. Andrew Watts - Feb 21, 2022 Form 4 Insider Report for BROWN & BROWN, INC. (BRO)

Role
EVP, CFO and Treasurer
Signature
/s/ R. Andrew Watts
Stock symbol
BRO
Transactions as of
Feb 21, 2022
Transactions value $
$0
Form type
4
Date filed
2/23/2022, 04:00 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 +30.5K +40.44% $0.00 106K Feb 21, 2022 Direct F1, F2
transaction BRO Common Stock, $10 par value (2019 SIP) Award $0 +2.65K +7.21% $0.00 39.3K Feb 21, 2022 Direct F3
holding BRO Common Stock, $.10 par value 117K Feb 21, 2022 Direct F4
holding BRO Common Stock, $.10 par value 856 Feb 21, 2022 By Watts Family Trust
* 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 the Reporting Person has 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 Company's 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 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.
F4 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.