BROWN J POWELL 4
4 · BROWN & BROWN, INC. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Brown & Brown (BRO) CEO J. Powell Receives Stock Awards
What Happened
- Brown J. Powell, President, CEO and Director of Brown & Brown (BRO), received two stock award grants: 78,030 shares on 2026-02-26 and 17,844 shares on 2026-02-25. Both grants were reported at $0.00 per share (awarded shares, not purchases), for a combined 95,874 shares.
- These are compensation awards (not open‑market buys or sales). For the larger grant the company confirmed satisfaction of certain performance conditions on 2026-02-26, but full ownership for these awards remains subject to additional service‑based vesting conditions.
Key Details
- Transaction dates and prices: 2026-02-26 — 78,030 shares @ $0.00 (Acquired); 2026-02-25 — 17,844 shares @ $0.00 (Acquired).
- Total shares reported in these transactions: 95,874 shares; reported cash consideration: $0 (stock awards).
- Vesting/rights: F1 — 78,030 shares were initially granted Feb 20, 2023 with performance conditions; performance conditions were confirmed satisfied on 2026-02-26 but full ownership still requires service‑based vesting. F2 — 17,844 shares granted under the 2019 Stock Incentive Plan; voting and dividend rights apply but full ownership awaits service‑based vesting.
- Shares owned after the transactions: not specified in the provided excerpt.
- Filing: Report filed 2026-03-02 (covers transactions dated Feb 25–26, 2026).
Context
- These entries are awards under Brown & Brown’s incentive plans (2019 SIP, and related plans referenced in footnotes). Such awards are routine forms of executive compensation and are different from open‑market buys or insider sales.
- Because the shares remain subject to vesting (service and/or prior performance conditions), they do not represent immediately transferrable stock. This is compensation-related and should not be interpreted as an immediate bullish or bearish trade by the insider.
Insider Transaction Report
Form 4
BROWN J POWELL
DirectorPresident and CEO
Transactions
- Award
Common Stock, $.10 par value (2019 SIP)
[F1][F2]2026-02-26+78,030→ 186,193 total - Award
Common Stock, $.10 par value (2019 SIP)
[F2]2026-02-25+17,844→ 204,037 total
Holdings
- 299,264
Common Stock, $.10 par value (2010 SIP)
[F3] - 32,000
Common Stock, $.10 par value (PSP)
[F4] - 43,849(indirect: By 401(k))
Common Stock, $.10 par value
[F5] - 32,241(indirect: By Children)
Common Stock, $.10 par value
[F6] - 2,881,434
Common Stock, $.10 par value
[F7] - 1,827,556(indirect: By Trust)
Common Stock, $.10 par value
[F8]
Footnotes (8)
- [F1]These securities were granted pursuant to the Company's 2019 Stock Incentive Plan ("2019 SIP"). The initial grant was made on February 20, 2023, but was subject to the satisfaction of performance-based conditions established in connection with this grant. On February 26, 2026, 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.
- [F2]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.
- [F3]These securities were granted pursuant to the Company's 2010 Stock Incentive Plan ("2010 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.
- [F4]These securities were granted pursuant to the Company's Performance Stock Plan ("PSP"). Based on the satisfaction of conditions established pursuant to the PSP, the Reporting Person has voting rights and dividend entitlement with respect to these shares based on the satisfaction of certain performance-based criteria, but full ownership will not vest until the satisfaction of additional conditions.
- [F5]Based upon the information supplied by the plan record keeper as of December 31, 2025. Number of shares varies periodically based on contributions to the plan.
- [F6]Reporting person disclaims beneficial ownership of securities owned by children who share the Reporting person's household. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purpose of Section 16 or for any other purpose.
- [F7]A total of 248 of these shares were acquired through the Company's Teammate Stock Purchase Plan in July 2025. Number of shares may vary due to dividend reinvesment.
- [F8]These shares are held by the James Hyatt Brown Nongrantor Charitable Lead Annuity Trust, of which the Reporting Person is a trustee and a remainder beneficiary.
Signature
/s/ J. Powell Brown|2026-02-27