Chris L. Walker - Feb 21, 2025 Form 4 Insider Report for BROWN & BROWN, INC. (BRO)

Signature
/s/ Chris L. Walker
Stock symbol
BRO
Transactions as of
Feb 21, 2025
Transactions value $
-$505,985
Form type
4
Date filed
2/24/2025, 08:02 PM
Previous filing
Mar 21, 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 -$322K -2.88K -1.79% $111.65 158K Feb 21, 2025 Direct F1, F2
transaction BRO Common Stock, $.10 par value Tax liability -$184K -1.65K -1.02% $111.71 160K Feb 23, 2025 Direct F2, F3
transaction BRO Common Stock, $.10 par value (2019 SIP) Award $0 +11.3K +27.16% $0.00 53.1K Feb 24, 2025 Direct F4, F5
transaction BRO Common Stock, $.10 par value (2019 SIP) Award $0 +2.01K +3.79% $0.00 55.1K Feb 24, 2025 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 5,668 shares of stock under the Company's 2019 Stock Incentive Plan ("2019 SIP").
F2 A total of 357 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2024. 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 3,248 shares of stock under the 2019 SIP.
F4 These securities were granted pursuant to the 2019 SIP. The initial grant was made on February 21, 2022, but was subject to the satisfaction of performance-based conditions established in connection with this grant. On February 24, 2025, the Company confirmed the satisfaction of the performance-based conditions established in connection with this grant, and 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.
F5 These securities were granted pursuant to the 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.