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BROWN & BROWN, INC. — Director's Dealing 2019
Feb 25, 2019
30146_dirs_2019-02-25_fe667a28-68e0-42bc-b4a1-f0fece1cb06b.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: 2019-02-25
Reporting Person: LLOYD ROBERT W (EVP, Secy, General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-02-25 | Common Stock, $.10 par value (SIP) | A | 15876 | — | Acquired | 77400 | Direct |
| 2019-02-25 | Common Stock, $.10 par value (SIP) | A | 3388 | — | Acquired | 80788 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $.10 par value | 27324 | Direct |
| Common Stock, $.10 par value (PSP) | 21048 | Direct |
Footnotes
F1: These securities were granted pursuant to the Company's 2010 Stock Incentive Plan ("SIP"). The initial grant was made on March 23, 2016, but was subject to the satisfaction of performance-based conditions established in connection with this grant. On February 25, 2019, 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 sahres, but full ownership will not vest until the satisfaction of additional service-based conditions.
F2: 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.
F3: 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.
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.