0001209191-21-013872.txt : 20210224 0001209191-21-013872.hdr.sgml : 20210224 20210224170034 ACCESSION NUMBER: 0001209191-21-013872 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210223 FILED AS OF DATE: 20210224 DATE AS OF CHANGE: 20210224 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: 21674524 MAIL ADDRESS: STREET 1: 300 N. BEACH STREET 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: 300 N. BEACH STREET CITY: DAYTONA BEACH STATE: FL ZIP: 32114 BUSINESS PHONE: 386-252-9601 MAIL ADDRESS: STREET 1: 300 N. BEACH STREET 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 2021-02-23 0 0000079282 BROWN & BROWN, INC. BRO 0001180023 PENNY JEROME SCOTT 300 N. BEACH STREET DAYTONA BEACH FL 32114 0 1 0 0 EVP Chief Acquisitions Officer Common Stock, $.10 par value (2010 SIP) 2021-02-23 4 A 0 14340 0.00 A 70178 D Common Stock, $10 par value (2019 SIP) 2021-02-23 4 A 0 2706 0.00 A 5282 D Common Stock, $.10 par value (Jointly Owned) 357056 D Common Stock, $.10 par value (PSP) 34632 D Common Stock, $10 par value 19320 I By 401k Common Stock, $10 par value 192 I Children Common Stock, $10 par value 172905 D These securities were granted pursuant to the Company's 2010 Stock Incentive Plan ("2010 SIP"). The initial grant was made on February 26, 2018, but was subject to the satisfaction of performance-based conditions established in connection with this grant. On February 23, 2021, 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. 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. These securities were granted pursuant to the Company's 2019 Stock Incentive Plan ("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. Owned jointly with spouse. 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. Based upon information supplied by the plan record keeper as of December 31, 2020. Number of shares varies periodically based on contributions to plan. 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. A total of 696 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2020. Number of shares may vary due to dividend reinvestment. /s/ J. Scott Penny 2021-02-23