Stephen M. Boyd - 20 Feb 2023 Form 4 Insider Report for BROWN & BROWN, INC. (BRO)

Role
EVP/ Pres Wholesale Brokerage
Signature
/s/ Anthony M. Robinson, for Stephen M. Boyd, per Power of Attorney
Issuer symbol
BRO
Transactions as of
20 Feb 2023
Net transactions value
$0
Form type
4
Filing time
21 Feb 2023, 16:02:00 UTC
Previous filing
25 Feb 2022
Next filing
27 Feb 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 (2019 SIP) Award $0 +10,822 +32% $0.000000 44,758 20 Feb 2023 Direct F1, F2
transaction BRO Common Stock, $.10 par value (2019 SIP) Award $0 +1,734 +3.9% $0.000000 46,492 20 Feb 2023 Direct F2
holding BRO Common Stock, $.10 par value (2010 SIP) 22,711 20 Feb 2023 Direct F3
holding BRO Common Stock, $.10 par value 61,320 20 Feb 2023 Direct F4
* 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 2019 Stock Incentive Plan ("2019 SIP"). The initial grant was made on February 21, 2020, but was subject to the satisfaction of performance-based conditions established in connection with this grant. On February 20, 2023, 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 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.
F3 These securities were granted pursuant to the Company's 2010 Stock Incentive Plan ("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 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.