0001209191-24-003568.txt : 20240220
0001209191-24-003568.hdr.sgml : 20240220
20240220170106
ACCESSION NUMBER: 0001209191-24-003568
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240219
FILED AS OF DATE: 20240220
DATE AS OF CHANGE: 20240220
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BROWN J POWELL
CENTRAL INDEX KEY: 0001208478
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13619
FILM NUMBER: 24654584
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]
ORGANIZATION NAME: 02 Finance
IRS NUMBER: 590864469
STATE OF INCORPORATION: FL
FISCAL YEAR END: 0119
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
X0508
4
2024-02-19
0
0000079282
BROWN & BROWN, INC.
BRO
0001208478
BROWN J POWELL
300 N. BEACH STREET
DAYTONA BEACH
FL
32114
1
1
0
0
President and CEO
0
Common Stock, $.10 par value (2019 SIP)
2024-02-19
4
A
0
97444
0.00
A
246252
D
Common Stock, $.10 par value (2019 SIP)
2024-02-19
4
A
0
9070
0.00
A
255322
D
Common Stock, $.10 par value (2010 SIP)
417867
D
Common Stock, $.10 par value (PSP)
32000
D
Common Stock, $.10 par value
2682867
D
Common Stock, $.10 par value
2054950
I
Charitable Lead Annuity Trust
Common Stock, $.10 par value
42128
I
401k
Common Stock, $.10 par value
32241
I
Children
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.
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.
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.
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.
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.
These shares are held by the James Hyatt Brown Nongrantor Charitable Lead Annuity Trust, of which the Reporting Person is a trustee and a remainder beneficiary.
Based upon information supplied by the plan record keeper as of December 31, 2023. 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.
/s/ J. Powell Brown
2024-02-20