Gallagher Paul M. 4

What Happened Paul M. Gallagher, Vice President, Controller & Chief Accounting Officer of Brown & Brown, received a grant of 1,070 shares on 2026-02-26 under the company's 2019 Stock Incentive Plan. The reported acquisition price is $0.00, so the Form 4 shows $0 cash outlay; full ownership is subject to vesting tied to service-based conditions. The filing indicates Gallagher has voting rights and dividend entitlement on these shares despite the vesting schedule.

Key Details

• Transaction date and type: 2026-02-26 — Award/grant (Code A) of 1,070 shares at $0.00.
• Reported value: $0 on the Form 4 (non-cash equity award; fair-market-value not shown on form).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: (1) Shares granted under the 2019 Stock Incentive Plan; voting/dividend rights granted but vesting required for full ownership. (2) 248 of the shares were previously acquired via the company's Teammate Stock Purchase Plan in July 2025; count may vary due to dividend reinvestment.
• Filing timeliness: Form filed 2026-03-02 for a 2026-02-26 transaction; appears to be filed within the SEC’s two-business-day deadline (not late).

Context This was an equity award (not an open-market purchase or sale). Awards tied to service-based vesting schedules are common compensation for executives and do not necessarily indicate immediate bullish or bearish trading intent, since the shares are not free to be sold until vesting conditions are met.