R. Andrew Watts - Feb 26, 2023 Form 4 Insider Report for BROWN & BROWN, INC. (BRO)

Role
EVP, CFO and Treasurer
Signature
/s/ R. Andrew Watts
Stock symbol
BRO
Transactions as of
Feb 26, 2023
Transactions value $
-$672,784
Form type
4
Date filed
2/28/2023, 04:01 PM
Previous filing
Feb 21, 2023
Next filing
Dec 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRO Common Stock, $.10 par value Tax liability -$673K -11.9K -7.03% $56.47 158K Feb 26, 2023 Direct F1, F2
holding BRO Common Stock, $.10 par value (2010 SIP) 35.6K Feb 26, 2023 Direct F3
holding BRO Common Stock, $.10 par value (2019 SIP) 65.3K Feb 26, 2023 Direct F4
holding BRO Common Stock, $.10 par value 1.91K Feb 26, 2023 By Watts Family Trust
* 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 32,559 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 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.
F4 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.