Form 4 for BRO Brown & Brown
Accepted 2022-11-07 00:00:00 ET · period of report 2022-11-04 · accession 0001209191-22-055964 · 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 | 2022-11-07 | 2022-11-04 | BRO | Hoepner Theodore J | Dir | G - Gift | $0.00 | +5,000 | 25.0K | +25% | $0 |
| M | 2022-11-07 | 2022-11-04 | BRO | Hoepner Theodore J | Dir | J - Other | $55.89 | -45.0K | 87.7K | -34% | -$2.52M |
| 2022-11-07 | 2022-11-04 | BRO | Hoepner Theodore J | Dir | G - Gift | $0.00 | -5,000 | 110.2K | -4% | $0 |
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 | 2022-11-04 | G | A | 2,500 | $0.00 | 25,000 | I | — | — | |
| 2 | Common | Common Stock, $.10 par value | 2022-11-04 | G | A | 2,500 | $0.00 | 25,000 | I | — | — | |
| 3 | Common | Common Stock, $.10 par value | 2022-11-04 | J | D | 22,500 | $55.89 | 65,228 | D | — | — | |
| 4 | Common | Common Stock, $.10 par value | 2022-11-04 | J | D | 22,500 | $55.89 | 87,728 | D Irrevocable Trust | — | — | (F2) On November 3, 2022, in accordance with the Reporting Person's tax planning strategy, the Reporting Person transferred 22,500 shares to an irrevocable trust, of which the Reporting Person's spouse is the sole trustee and the Reporting Person's daughter and the Reporting Person's daughter's descendants are the beneficiaries, in exchange for a promissory note payable to the Reporting Person in the principal amount of $1,257,525. The transfer resulted in a decrease in the number of shares the Reporting Person beneficially owns directly and a corresponding increase in the number of shares the Reporting Person beneficially owns indirectly through the irrevocable trust. The Reporting Person believes this transfer constitutes a change in form of beneficial ownership of the shares, exempted by Rule 16a-13 under the Securities Exchange Act of 1934. |
| 5 | Common | Common Stock, $.10 par value | 2022-11-04 | G | D | 5,000 | $0.00 | 110,228 | D Irrevocable Trust | — | — | (F1) On November 3, 2022, in accordance with the Reporting Person's tax planning strategy, the Reporting Person transferred 22,500 shares to an irrevocable trust, of which the Reporting Person's spouse is the sole trustee and the Reporting Person's son and the Reporting Person's son's descendants are the beneficiaries, in exchange for a promissory note payable to the Reporting Person in the principal amount of $1,257,525. The transfer resulted in a decrease in the number of shares the Reporting Person beneficially owns directly and a corresponding increase in the number of shares the Reporting Person beneficially owns indirectly through the irrevocable trust. The Reporting Person believes this transfer constitutes a change in form of beneficial ownership of the shares, exempted by Rule 16a-13 under the Securities Exchange Act of 1934. |