R. Andrew Watts - Feb 24, 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 24, 2022
Transactions value $
-$954,650
Form type
4
Date filed
2/28/2022, 07:36 AM
Previous filing
Feb 23, 2022
Next filing
Jan 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRO Common Stock, $.10 par value Tax liability -$955K -14.9K -9.61% $64.23 140K Feb 24, 2022 Direct F1, F2
holding BRO Common Stock, $.10 par value 856 Feb 24, 2022 By Watts Family Trust
holding BRO Common Stock, $.10 par value (2010 SIP) 68.1K Feb 24, 2022 Direct F3
holding BRO Common Stock, $10 par value (2019 SIP) 39.3K Feb 24, 2022 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the vesting of 37,771 shares of stock under the Company's 2010 Stock Incentive Plan ("2010 SIP").
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 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.