0001209191-20-004709.txt : 20200123
0001209191-20-004709.hdr.sgml : 20200123
20200123170012
ACCESSION NUMBER: 0001209191-20-004709
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200121
FILED AS OF DATE: 20200123
DATE AS OF CHANGE: 20200123
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BROWN J POWELL
CENTRAL INDEX KEY: 0001208478
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13619
FILM NUMBER: 20542828
MAIL ADDRESS:
STREET 1: 220 S RIDGEWOOD AVE
CITY: DAYTONA BEACH
STATE: FL
ZIP: 32114-4318
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
doc4.xml
FORM 4 SUBMISSION
X0306
4
2020-01-21
0
0000079282
BROWN & BROWN, INC.
BRO
0001208478
BROWN J POWELL
220 SOUTH RIDGEWOOD AVENUE
DAYTONA BEACH
FL
32114
1
1
0
0
President and CEO
Common Stock, $.10 par value
2019-12-17
5
G
0
E
800
0.00
A
2384501
D
Common Stock, .10 par value
2019-12-31
5
G
0
E
3221
0.00
D
2381280
D
Common Stock, $.10 par value
2019-12-31
5
G
0
E
3221
0.00
A
29003
I
Children
Common Stock, $.10 par value
2020-01-21
4
F
0
6396
41.41
D
2400176
D
Common Stock, $.10 par value (PSP)
70960
D
Common Stock, $.10 par value (SIP)
551219
D
Common Stock, $.10 par value
40144
I
401k
A total of 862 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2019. Number of shares may vary due to dividend reinvestment.
This transaction involved a gift of securities by the Reporting Person to his children, who share the Reporting Persons household. Reporting Person disclaims beneficial ownership of securities owned by children who share Reporting Persons 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 reporting.
Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the vesting of 25,292 shares of stock under the Company's 2010 Stock Incentive Plan ("SIP").
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.
These securities were granted pursuant to the Company's 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.
Based upon information supplied by the plan record keeper as of December 31, 2019. Number of shares varies periodically based on contributions to plan.
/s/ J. Powell Brown
2020-01-23