PENNY JEROME SCOTT 4

4 · BROWN & BROWN, INC. · Filed Mar 2, 2026

AI-generated summary of this filing

Updated Mar 2, 2026

Brown & Brown (BRO) EVP Penny Jerome Scott Receives Award

What Happened

Penny Jerome Scott, EVP & Chief Acquisitions Officer of Brown & Brown (BRO), was granted two awards under the company's 2019 Stock Incentive Plan on February 26, 2026: 13,004 shares and 2,676 shares, for a total of 15,680 shares. The Form 4 records these as acquisitions at $0.00 per share (compensation awards), not open-market purchases.

Key Details

Transaction date: 2026-02-26; Form 4 filed: 2026-03-02 (appears to be one business day late of the standard 2-business-day filing deadline).
Award amounts and price: 13,004 shares @ $0.00 and 2,676 shares @ $0.00 (total 15,680 shares; SEC filing shows $0 acquisition cost).
Shares owned after transaction: not specified in the filing.
Notable footnotes:
- F1/F2: Awards granted under the 2019 SIP. Performance-based conditions were confirmed satisfied for the initial grant on 2/26/2026; the reporting person has voting rights and dividend entitlement for these shares, but full ownership will not vest until additional service-based conditions are met.
- F3/F6: Some holdings referenced may be owned jointly with spouse or children; the reporting person disclaims beneficial ownership of certain household children’s securities.
Transaction code: A = Award/Grant (compensation equity award), not a purchase or sale.

Context

These are compensation awards (restricted by service vesting), not open-market buys or sales; they give the insider rights (voting/dividends) now but are still subject to future service-based vesting. Such grants are routine executive compensation and do not necessarily signal a personal buy or sell decision.

Form 4

Period: 2026-02-26

EVP Chief Acquisitions Officer

Transactions

Award
Common Stock, $.10 par value (2019 SIP)
[F1][F2]
2026-02-26+13,004→ 59,484 total
Award
Common Stock, $.10 par value (2019 SIP)
[F2]
2026-02-26+2,676→ 62,160 total

Holdings

Footnotes (6)

[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]Owned jointly with spouse.
[F4]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 reinvestment.
[F5]Based upon 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.

Signature

/s/ J. Scott Penny|2026-02-26

1 file