Form 4 for BRO Brown & Brown
Accepted 2025-02-25 00:00:00 ET · period of report 2025-02-21 · accession 0000950170-25-026806 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2025-02-25 | 2025-02-24 | BRO | Boyd Stephen M | EVP, Pres Wholesale Brokerage | A - Grant | $0.00 | +10.6K | 59.6K | +22% | $0 |
| 2025-02-25 | 2025-02-21 | BRO | Boyd Stephen M | EVP, Pres Wholesale Brokerage | F - Tax | $111.65 | -6,413 | 76.9K | -8% | -$716.0K |
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 (2019 SIP) | 2025-02-24 | A | A | 9,070 | $0.00 | 58,045 | D | — | — | (F3) These securities were granted pursuant to the 2019 SIP. The initial grant was made on February 21, 2022, but was subject to the satisfaction of performance-based conditions established in connection with this grant. On February 24, 2025, 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. (F4) These securities were granted pursuant to the 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. |
| 2 | Common | Common Stock, $.10 par value | 2025-02-21 | F | D | 6,413 | $111.65 | 76,888 | D | — | — | (F1) Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the vesting of 12,625 shares of stock under the Company's 2019 Stock Incentive Plan ("2019 SIP"). (F2) A total of 357 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2024. Number of shares may vary due to dividend reinvestment. |
| 3 | Common | Common Stock, $.10 par value (2019 SIP) | 2025-02-24 | A | A | 1,566 | $0.00 | 59,611 | D | — | — | (F4) These securities were granted pursuant to the 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. |