Kenneth Gray Nester II - 20 Feb 2023 Form 4 Insider Report for BROWN & BROWN, INC. (BRO)

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	+5,410	+21%	$0.000000	30,732	20 Feb 2023	Direct	F1, F2
transaction	BRO	Common Stock, $.10 par value (2019 SIP)	Award	$0	+1,734	+5.6%	$0.000000	32,466	20 Feb 2023	Direct	F2
holding	BRO	Common Stock, $.10 par value						1,601	20 Feb 2023	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 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.
F3	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.