J. Scott Penny - 19 Feb 2024 Form 4 Insider Report for BROWN & BROWN, INC. (BRO)

Signature
/s/ Jerome Scott Penny
Issuer symbol
BRO
Transactions as of
19 Feb 2024
Net transactions value
$0
Form type
4
Filing time
20 Feb 2024, 17:00:51 UTC
Previous filing
15 Nov 2023
Next filing
27 Feb 2024

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 +16,240 +30% $0.000000 69,495 19 Feb 2024 Direct F1, F2
transaction BRO Common Stock, $.10 par value (2019 SIP) Award $0 +1,511 +2.2% $0.000000 71,006 19 Feb 2024 Direct F2
holding BRO Common Stock, $.10 par value (2010 SIP) 26,684 19 Feb 2024 Direct F3
holding BRO Common Stock, $.10 par value 233,062 19 Feb 2024 Direct F4
holding BRO Common Stock, $.10 par value (Jointly Owned) 357,056 19 Feb 2024 Direct F5
holding BRO Common Stock, $.10 par value 19,385 19 Feb 2024 401k F6
holding BRO Common Stock, $.10 par value 192 19 Feb 2024 Children F7
* 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 23, 2021, but was subject to the satisfaction of performance-based conditions established in connection with this grant. On February 19, 2024, 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 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.
F4 A total of 395 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. Amount reflects the correction of a clerical error in a filing made on November 15, 2023 that understated the Reporting Person's direct holdings by one share.
F5 Owned jointly with spouse.
F6 Based upon information supplied by the plan record keeper as of December 31, 2023. Number of shares varies periodically based on contributions to the 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.