Chris L. Walker - Feb 25, 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 25, 2023
Transactions value $
-$416,353
Form type
4
Date filed
2/28/2023, 04:00 PM
Previous filing
Feb 22, 2023
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 Tax liability -$138K -2.44K -1.71% $56.47 140K Feb 25, 2023 Direct F1, F2
transaction BRO Common Stock, $.10 par value Tax liability -$279K -4.94K -3.31% $56.47 144K Feb 26, 2023 Direct F2, F3
holding BRO Common Stock, $.10 par value (2010 SIP) 8.38K Feb 25, 2023 Direct F4
holding BRO Common Stock, $.10 par value (2019 SIP) 44K Feb 25, 2023 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the vesting of 4,576 shares of stock under the Company's 2010 Stock Incentive Plan ("2010 SIP").
F2 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.
F3 Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the vesting of 9,206 shares of stock under the Company's 2010 SIP.
F4 These securities were granted pursuant to the Company's 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 These securities were granted pursuant to the Company's 2019 Stock Incentive Plan ("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 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.