Chris L. Walker - 20 Mar 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: 20 Mar 2024
Transactions value $: $0
Form type: 4
Filing time: 21 Mar 2024, 17:00:23 UTC
Previous filing: 27 Feb 2024
Next filing: 24 Feb 2025
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	+1.46K	+2.97%	$0.00	50.7K	20 Mar 2024	Direct	F1
holding	BRO	Common Stock, $.10 par value						155K	20 Mar 2024	Direct	F2

* 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 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.
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.

Content

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.

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.