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BROWN & BROWN, INC. Director's Dealing 2023

Feb 21, 2023

30146_dirs_2023-02-21_0d0a09e7-0a3c-4e9e-8184-fab0922b8455.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: Turpin Julie (EVP/Chief People Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2023-02-20 Common Stock, $.10 par value (2019 SIP) A 3710 $0.00 Acquired 27263 Direct
2023-02-20 Common Stock, $.10 par value (2019 SIP) A 4848 $0.00 Acquired 32111 Direct
2023-02-20 Common Stock, $.10 par value (2019 SIP) A 1950 $0.00 Acquired 34061 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock, $.10 par value (2010 SIP) 16320 Direct
Common Stock, $.10 par value 14546 Direct

Footnotes

F1: 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.

F2: These securities were granted pursuant to the Company's 2019 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: These securities were granted pursuant to the Company's 2019 SIP. The initial grant was made on May 5, 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.