Chris L. Walker - 23 Feb 2024 Form 4 Insider Report for BROWN & BROWN, INC. (BRO)

Signature
/s/ Anthony M. Robinson, for Chris L. Walker, per Power of Attorney
Issuer symbol
BRO
Transactions as of
23 Feb 2024
Transactions value $
-$773,573
Form type
4
Filing time
27 Feb 2024, 17:00:31 UTC
Previous filing
22 Feb 2024
Next filing
21 Mar 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 -$416K -4.94K -3.17% $84.12 151K 23 Feb 2024 Direct F1, F2
transaction BRO Common Stock, $.10 par value Tax liability -$358K -4.25K -2.67% $84.24 155K 25 Feb 2024 Direct F2, F3
holding BRO Common Stock, $.10 par value (2019 SIP) 49.2K 23 Feb 2024 Direct F4
* 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 9,744 shares of stock under the Company's 2019 Stock Incentive Plan ("2019 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 Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the vesting of 8,384 shares of stock under the Company's 2010 Stock Incentive Plan ("2010 SIP").
F4 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.