Turpin Julie 4

What Happened

• Julie Turpin, Executive Vice President and Chief People Officer of Brown & Brown, received grants totaling 14,559 shares (11,704 + 2,855) on February 26, 2026. The shares were granted at $0.00 (awarded, not purchased), so no cash changed hands.
• These awards were made under the company’s 2019 Stock Incentive Plan; performance conditions tied to the initial grant were confirmed satisfied on February 26, 2026, giving the reporting person voting rights and dividend entitlement, but full ownership remains subject to additional service-based vesting.

Key Details

• Transaction date: 2026-02-26; Report filed: 2026-03-02 (timely under Form 4 rules).
• Awarded shares: 11,704 and 2,855 (total 14,559); reported acquisition price: $0.00.
• Shares owned after transaction: not specified in the filing.
• Notable footnotes:
  • F1: Initial grant dated Feb 20, 2023; performance conditions satisfied Feb 26, 2026; voting and dividend rights granted but service-based vesting remains.
  • F2: Confirms grant under 2019 SIP and that full ownership vests only after service conditions.
  • F3: Notes 248 of these shares were acquired through the Company’s Teammate Stock Purchase Plan in July 2025; that amount can vary due to dividend reinvestment.
• Transaction code: A = Award/Grant.

Context

• These are equity awards (restricted/performance-based shares), not open-market purchases or sales. They represent compensation tied to prior performance and future service requirements rather than an independent bullish or bearish trade by the insider.
• No immediate sale or cash exercise occurred; tax and ultimate ownership implications depend on remaining vesting conditions and company plan rules.