J. Powell Brown - 15 Dec 2023 Form 4 Insider Report for BROWN & BROWN, INC. (BRO)

Signature
/s/ Linnette Ramirez, for J. Powell Brown, per Power of Attorney
Issuer symbol
BRO
Transactions as of
15 Dec 2023
Net transactions value
$0
Form type
4
Filing time
18 Dec 2023, 17:00:39 UTC
Previous filing
28 Feb 2023
Next filing
02 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRO Common Stock, $.10 par value Gift $0 +453 +0.02% $0.000000 2,682,866 15 Dec 2023 Direct F1
holding BRO Common Stock, $ .10 par value (2010 SIP) 417,867 15 Dec 2023 Direct F2
holding BRO Common Stock, $.10 par value (2019 SIP) 148,808 15 Dec 2023 Direct F3
holding BRO Common Stock, $.10 par value (PSP) 32,000 15 Dec 2023 Direct F4
holding BRO Common Stock, $.10 par value 2,201,877 15 Dec 2023 Charitable Lead Annuity Trust F5
holding BRO Common Stock, $.10 par value 41,847 15 Dec 2023 401k F6
holding BRO Common Stock, $.10 par value 32,241 15 Dec 2023 Children F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 A total of 394 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2023. Number of shares may vary due to dividend reinvestment.
F2 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.
F3 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.
F4 These securities were granted pursuant to the Company's Performance Stock Plan ("PSP"). Based on the satisfaction of conditions established pursuant to the PSP, the Reporting Person has voting rights and dividend entitlement with respect to these shares based on the satisfaction of certain performance-based criteria, but full ownership will not vest until the satisfaction of additional conditions.
F5 These shares are held by the James Hyatt Brown Nongrantor Charitable Lead Annuity Trust, of which the Reporting Person is a trustee and a remainder beneficiary.
F6 Based upon information supplied by the plan record keeper as of December 31, 2022. Number of shares varies periodically based on contributions to plan.
F7 Reporting person disclaims beneficial ownership of securities owned by children who share the Reporting person's household. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purpose of Section 16 or for any other purpose.