Chris L. Walker - Feb 20, 2023 Form 4 Insider Report for BROWN & BROWN, INC. (BRO)

Role
EVP and Pres. Programs Segment
Signature
/s/ Anthony M. Robinson, for Chris L. Walker, per Power of Attorney
Stock symbol
BRO
Transactions as of
Feb 20, 2023
Transactions value $
$0
Form type
4
Date filed
2/22/2023, 04:01 PM
Previous filing
Feb 28, 2022
Next filing
Feb 22, 2023

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 +2.17K +6.08% $0.00 37.8K Feb 20, 2023 Direct F1, F2
transaction BRO Common Stock, $.10 par value (2019 SIP) Award $0 +15.5K +40.9% $0.00 53.3K Feb 20, 2023 Direct F2, F3
holding BRO Common Stock, $.10 par value (2010 SIP) 22.2K Feb 20, 2023 Direct F4
holding BRO Common Stock, $.10 par value 134K Feb 20, 2023 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units were granted pursuant to the Company's 2019 Stock Incentive Plan ("2019 SIP").
F2 These securities were granted pursuant to the Company's 2019 SIP. With respect to securities that are restricted stock awards, 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. With respect to the securities that are restricted stock units, the Reporting Person has dividend equivalent entitlement, but shares will not be delivered until the satisfaction of service-based conditions or the Reporting Person's qualified retirement.
F3 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.
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.