BROWN J POWELL 4

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.