BROWN & BROWN, INC. — Director's Dealing 2023

Jan 27, 2023

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: BROWN & BROWN, INC. (BRO)
CIK: 0000079282
Period of Report: 2022-12-31

Reporting Person: BROWN HYATT J (Director, Chairman, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-12-15	Common Stock, $.10 par value	G	1650	$0.00	Disposed	0	Indirect
2022-12-30	Common Stock, $.10 par value	G	182671	$0.00	Disposed	2201877	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.10 par value	37604928	Indirect
Common Stock, $.10 par value	136000	Indirect

Footnotes

F1: Amount reflects 1,650 shares transferred from the Limited Partnership to the Revocable Trust in December 2022.

F2: These shares are held by a revocable trust (the "Revocable Trust"), of which the Reporting Person and his spouse are the sole trustees and beneficiaries.

F3: These shares are held by the James Hyatt Brown Nongrantor Charitable Lead Annuity Trust, of which the Reporting Person's spouse and three children are the trustees and of which his three children are the remainder beneficiaries.

F4: These shares are held by Ormond Riverside, Limited Partnership (the "Limited Partnership"), of which Swakopmund, Inc. is the General Partner that has voting and investment power over such shares. Swakopmund, Inc. is 100% owned by the Swakopmund Trust of 2009, a revocable trust created by the Reporting Person, who is the sole trustee thereof and retains the sole voting and investment powers with respect to all the shares of Swakopmund, Inc.