Julie Turpin - 20 Feb 2023 Form 4 Insider Report for BROWN & BROWN, INC. (BRO)

Role: EVP/Chief People Officer
Signature: /s/ Julie Turpin
Issuer symbol: BRO
Transactions as of: 20 Feb 2023
Net transactions value: $0
Form type: 4
Filing time: 21 Feb 2023, 18:16:14 UTC
Previous filing: 28 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	+3,710	+16%	$0.000000	27,263	20 Feb 2023	Direct	F1, F2
transaction	BRO	Common Stock, $.10 par value (2019 SIP)	Award	$0	+4,848	+18%	$0.000000	32,111	20 Feb 2023	Direct	F2, F3
transaction	BRO	Common Stock, $.10 par value (2019 SIP)	Award	$0	+1,950	+6.1%	$0.000000	34,061	20 Feb 2023	Direct	F2
holding	BRO	Common Stock, $.10 par value (2010 SIP)						16,320	20 Feb 2023	Direct	F4
holding	BRO	Common Stock, $.10 par value						14,546	20 Feb 2023	Direct	F5

* 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 2019 SIP. The initial grant was made on May 5, 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.
F4	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.
F5	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.