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BROWN & BROWN, INC. — Director's Dealing 2019
Jul 1, 2019
30146_dirs_2019-07-01_eff80695-f14f-4d63-9ff1-fb7c6e36e8ba.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BROWN & BROWN, INC. (BRO)
CIK: 0000079282
Period of Report: 2019-07-01
Reporting Person: BROWN J POWELL (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-07-01 | Common Stock, $.10 par value | F | 6103 | $33.50 | Disposed | 2382839 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $.10 par value (SIP) | 576511 | Direct |
| Common Stock, $.10 par value (PSP) | 70960 | Direct |
| Common Stock, $.10 par value | 25782 | Indirect |
| Common Stock, $.10 par value | 40462 | Indirect |
Footnotes
F1: Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the vesting of 15,508 shares of stock under the Company's 2010 Stock Incentive Plan ("SIP").
F2: A total of 1,120 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2018. Number of shares may vary due to dividend reinvestment.
F3: These securities were granted pursuant to the Company's 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: These securities were granted pursuant to the Company's Performance Stock Plan ("PSP"). Based on the satisfaction of conditions established pursuant to the PSP, the Reporting Person has voting rights and dividend entitlement with respect to these shares based on the satisfaction of certain performance-based criteria, but full ownership will not vest until the satisfaction of additional conditions.
F5: 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.
F6: Based upon information supplied by the plan record keeper as of February 25, 2019. Number of shares varies periodically based on contributions to plan.