P. Barrett Brown - Feb 25, 2024 Form 4 Insider Report for BROWN & BROWN, INC. (BRO)

Role
EVP and Pres.- Retail Segment
Signature
/s/ Anthony M. Robinson, for P. Barrett Brown, per Power of Attorney
Stock symbol
BRO
Transactions as of
Feb 25, 2024
Transactions value $
-$672,067
Form type
4
Date filed
2/27/2024, 05:00 PM
Previous 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 -$672K -7.98K -0.59% $84.24 1.34M Feb 25, 2024 Direct F1, F2
holding BRO Common Stock, $.10 par value (2019 SIP) 71.6K Feb 25, 2024 Direct F3
holding BRO Common Stock, $.10 par value 2.05M Feb 25, 2024 Charitable Lead Annuity Trust F4
holding BRO Common Stock, $.10 par value 10.6K Feb 25, 2024 401k F5
holding BRO Common Stock, $.10 par value 2.32K Feb 25, 2024 Children F6
* 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 17,789 shares of stock under the Company's 2010 Stock Incentive Plan ("2010 SIP").
F2 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.
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 shares are held by the James Hyatt Brown Nongrantor Charitable Lead Annuity Trust, of which the Reporting Person is a trustee and remainder beneficiary.
F5 Based upon information supplied by the plan record keeper as of December 31, 2023. Number of shares varied periodically based on contributions to the plan.
F6 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.