0001180023-18-000007.txt : 20180806
0001180023-18-000007.hdr.sgml : 20180806
20180806170133
ACCESSION NUMBER: 0001180023-18-000007
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180803
FILED AS OF DATE: 20180806
DATE AS OF CHANGE: 20180806
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: PENNY JEROME SCOTT
CENTRAL INDEX KEY: 0001180023
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13619
FILM NUMBER: 18995439
MAIL ADDRESS:
STREET 1: 220 S. RIDGEWOOD AVE
CITY: DAYTONA BEACH
STATE: FL
ZIP: 32114
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: BROWN & BROWN, INC.
CENTRAL INDEX KEY: 0000079282
STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE AGENTS BROKERS & SERVICES [6411]
IRS NUMBER: 590864469
STATE OF INCORPORATION: FL
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 220 S. RIDGEWOOD AVE.
CITY: DAYTONA BEACH
STATE: FL
ZIP: 32114
BUSINESS PHONE: 386-252-9601
MAIL ADDRESS:
STREET 1: 220 S. RIDGEWOOD AVE.
CITY: DAYTONA BEACH
STATE: FL
ZIP: 32114
FORMER COMPANY:
FORMER CONFORMED NAME: BROWN & BROWN, INC
DATE OF NAME CHANGE: 20171108
FORMER COMPANY:
FORMER CONFORMED NAME: BROWN & BROWN INC
DATE OF NAME CHANGE: 19990623
FORMER COMPANY:
FORMER CONFORMED NAME: POE & BROWN INC
DATE OF NAME CHANGE: 19930827
4
1
wf-form4_153358927658678.xml
FORM 4
X0306
4
2018-08-03
0
0000079282
BROWN & BROWN, INC.
BRO
0001180023
PENNY JEROME SCOTT
220 S. RIDGEWOOD AVE.
DAYTONA BEACH
FL
32114
0
1
0
0
EVP Chief Acquisitions Officer
Common Stock, $.10 par value (SIP)
2018-08-03
4
A
0
49628
0
A
190264
D
Common Stock, $.10 par value
2018-08-03
4
F
0
3255
29.19
D
140921
D
Common Stock, $.10 par value (PSP)
34632
D
Common Stock, $.10 par value
192
I
Children
Common Stock, $.10 par value
18980
I
By 401k
Common Stock, $.10 par value (Jointly Owned)
297978
D
On March 28, 2018, Brown & Brown, Inc. effected a 2-for-1 stock split. The number of shares reported throughout this Form 4 have been adjusted to reflect the stock split.
These securities were granted pursuant to the Company's 2010 Stock Incentive Plan ("SIP"). The initial grant was made on July 1, 2013, but was subject to the satisfaction of performance-based conditions established in connection with this grant. On August 3, 2018, 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.
Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the vesting of 8,270 shares of stock under the Company's SIP.
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.
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.
Reporting Person disclaims beneficial ownership in shares owned by children who share 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.
Owned jointly with spouse.
J. Scott Penny
2018-08-06