Robert W. Lloyd - Aug 8, 2022 Form 4 Insider Report for BROWN & BROWN, INC. (BRO)

Role
EVP, Secy, General Counsel
Signature
/s/ Anthony M. Robinson, for Robert W. Lloyd, per Power of Attorney
Stock symbol
BRO
Transactions as of
Aug 8, 2022
Transactions value $
-$663,287
Form type
4
Date filed
8/9/2022, 05:00 PM
Previous filing
Feb 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRO Common Stock, $.10 par value Sale -$663K -10.1K -23.08% $65.48 33.7K Aug 8, 2022 Direct F1, F2
holding BRO Common Stock, $.10 par value (2010 SIP) 45.4K Aug 8, 2022 Direct F3
holding BRO Common Stock, $.10 par value (2019 SIP) 21.4K Aug 8, 2022 Direct F4
holding BRO Common Stock, $.10 par value (PSP) 21K Aug 8, 2022 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $65.35 to $65.66, inclusive. The Reporting Person undertakes to provide Brown & Brown, Inc., any security holder of Brown & Brown, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F2 A total of 460 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2022. Number of shares may vary due to dividend reinvestment.
F3 These securities were granted pursuant to the Company's 2010 Stock Incentive Plan. 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. 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.
F5 These securities were granted pursuant to the Company's Performance Stock Plan ("PSP"). Based on the satisfaction of conditions established pursuant to the PSP, the Reporting Person has voting rights and dividend entitlement with respect to these shares based on the satisfaction of certain performance-based criteria, but full ownership will not vest until the satisfaction of additional conditions.