Hearn Stephen Patrick 4

What Happened Stephen Patrick Hearn, EVP, COO and President of the Retail Segment at Brown & Brown, Inc. (BRO), was granted 7,137 shares on 2026-02-26 under the company's 2019 Stock Incentive Plan. The award was recorded at $0.00 per share (no immediate cash value). A filing footnote states these awards carry dividend-equivalent entitlement but the shares will not be delivered until service-based conditions are satisfied.

Key Details

• Transaction date: 2026-02-26; Grant/award (code A).
• Price: $0.00 per share; total recorded value at grant = $0.
• Shares granted: 7,137.
• Shares owned after transaction: Not specified in the filing excerpt.
• Footnote: Granted under the 2019 SIP; dividend equivalents accrue but delivery is deferred until service-based vesting conditions are met.
• Filing date: 2026-03-02 — the Form 4 was filed within the SEC’s normal reporting window (timely).

Context This is a compensation-related equity award (commonly restricted stock units or similar) rather than an open-market purchase or sale, so it does not reflect an immediate cash investment or disposition by the insider. Such grants are routine for executive compensation and typically vest over time; dividend-equivalent rights mean the award may track dividends while unvested. For investors, these grants are informative about pay structure but are not a direct bullish or bearish trading signal.