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BROWN & BROWN, INC. — Director's Dealing 2023
Feb 22, 2023
30146_dirs_2023-02-22_a43e5eca-a6fe-4b8c-925d-0c254de6a7a5.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: 2023-02-20
Reporting Person: Walker Chris L (EVP and Pres. Programs Segment)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-02-20 | Common Stock, $.10 par value (2019 SIP) | A | 2167 | $0.00 | Acquired | 37795 | Direct |
| 2023-02-20 | Common Stock, $.10 par value (2019 SIP) | A | 15460 | $0.00 | Acquired | 53255 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $.10 par value (2010 SIP) | 22166 | Direct |
| Common Stock, $.10 par value | 133639 | Direct |
Footnotes
F1: These restricted stock units were granted pursuant to the Company's 2019 Stock Incentive Plan ("2019 SIP").
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 the 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 2019 Stock Incentive Plan ("2019 SIP"). The initial grant was made on February 21, 2020, but was subject to the satisfaction of performance-based conditions established in connection with this grant. On February 20, 2023, 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.
F4: 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.
F5: A total of 460 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2022. Number of shares may vary due to dividend reinvestment.