BROWN & BROWN, INC. — Director's Dealing 2024

Feb 20, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN & BROWN, INC. (BRO)
CIK: 0000079282
Period of Report: 2024-02-19

Reporting Person: Brown P Barrett (EVP and Pres.- Retail Segment)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-02-19	Common Stock, $.10 par value (2019 SIP)	A	16240	$0.00	Acquired	69495	Direct
2024-02-19	Common Stock, $.10 par value (2019 SIP)	A	2116	$0.00	Acquired	71611	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.10 par value (2010 SIP)	17789	Direct
Common Stock, $.10 par value	1330220	Direct
Common Stock, $.10 par value	2054950	Indirect
Common Stock, $.10 par value	10601	Indirect
Common Stock, $.10 par value	2324	Indirect

Footnotes

F1: These securities were granted pursuant to the Company's 2019 Stock Incentive Plan ("2019 SIP"). The initial grant was made on February 23, 2021, but was subject to the satisfaction of performance-based conditions established in connection with this grant. On February 19, 2024, 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 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.

F4: A total of 395 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2023. Number of shares may vary due to dividend reinvestment. Amount reflects the correction of clerical errors in filings made on December 18, 2023 and January 2, 2024 that understated the Reporting Person's direct holdings by one share.

F5: These shares are held by the James Hyatt Brown Nongrantor Charitable Lead Annuity Trust, of which the Reporting Person is a trustee and remainder beneficiary.

F6: Based upon information supplied by the plan record keeper as of December 31, 2023. Number of shares varied periodically based on contributions to the plan.

F7: 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.