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

Role
EVP/Chief Information Officer
Signature
/s/ Kenneth Gray Nester II
Stock symbol
BRO
Transactions as of
Feb 20, 2023
Transactions value $
$0
Form type
4
Date filed
2/21/2023, 04:02 PM
Previous filing
Feb 22, 2022
Next filing
Feb 20, 2024

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 +5.41K +21.36% $0.00 30.7K Feb 20, 2023 Direct F1, F2
transaction BRO Common Stock, $.10 par value (2019 SIP) Award $0 +1.73K +5.64% $0.00 32.5K Feb 20, 2023 Direct F2
holding BRO Common Stock, $.10 par value 1.6K Feb 20, 2023 Direct F3
* 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 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.