Form 4 for BRO Brown & Brown
Accepted 2024-11-26 00:00:00 ET · period of report 2024-11-25 · accession 0000950170-24-131106 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MI | 2024-11-26 | 2024-11-25+ | BRO | BROWN HYATT J | COB, Dir, 10% | S - Sale | $111.75 | -418.9K | 36.00M | -1% | -$46.82M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, $.10 par value | 2024-11-25 | S | D | 389,007 | $111.75 | 36,029,921 | I Limited Partnership | — | — | (F1) The reported transaction was effected in accordance with the Reporting Person's tax planning strategy. (F2) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $111.75 to $111.76, inclusive. The Reporting Person undertakes to provide Brown & Brown, Inc., any security holder of Brown & Brown, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. (F3) These shares are held by Ormond Riverside, Limited Partnership (the "Limited Partnership"), of which Swakopmund, Inc. is the General Partner that has voting and investment power over such shares. Swakopmund, Inc. is 100% owned by the Swakopmund Trust of 2009, a revocable trust created by the Reporting Person, who is the sole trustee thereof and retains the sole voting and investment powers with respect to all the shares of Swakopmund, Inc. |
| 2 | Common | Common Stock, $.10 par value | 2024-11-26 | S | D | 29,921 | $111.75 | 36,000,000 | I Limited Partnership | — | — | (F1) The reported transaction was effected in accordance with the Reporting Person's tax planning strategy. (F3) These shares are held by Ormond Riverside, Limited Partnership (the "Limited Partnership"), of which Swakopmund, Inc. is the General Partner that has voting and investment power over such shares. Swakopmund, Inc. is 100% owned by the Swakopmund Trust of 2009, a revocable trust created by the Reporting Person, who is the sole trustee thereof and retains the sole voting and investment powers with respect to all the shares of Swakopmund, Inc. |