Chris L. Walker - 19 Feb 2024 Form 4 Insider Report for BROWN & BROWN, INC. (BRO)

Role
EVP and Pres. Programs Segment
Signature
/s/ Anthony M. Robinson, for Chris L. Walker, per Power of Attorney
Issuer symbol
BRO
Transactions as of
19 Feb 2024
Transactions value $
$0
Form type
4
Filing time
20 Feb 2024, 17:00:56 UTC
Previous filing
28 Feb 2023
Next filing
22 Feb 2024
SEC
View on sec.gov

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 +16.2K +36.93% $0.00 60.2K 19 Feb 2024 Direct F1, F2
transaction BRO Common Stock, $.10 par value (2019 SIP) Award $0 +1.81K +3.01% $0.00 62K 19 Feb 2024 Direct F2
holding BRO Common Stock, $.10 par value (2010 SIP) 8.38K 19 Feb 2024 Direct F3
holding BRO Common Stock, $.10 par value 145K 19 Feb 2024 Direct F4
* 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. 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.
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.