Brown P Barrett 4

What Happened

• Brown P. Barrett, Executive Vice President of Brown & Brown, was awarded 13,004 shares on February 26, 2026. The shares were granted at $0.00 (total reported value $0) as an award under the company’s 2019 Stock Incentive Plan. This is an award/grant (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-02-26; Price per share reported: $0.00; Total = $0.
• Shares acquired: 13,004 restricted/performance shares.
• Shares owned after transaction: Not specified in this filing.
• Footnote highlights:
  • The award was made under the 2019 Stock Incentive Plan. The initial grant was assigned Feb 20, 2023 and included performance-based conditions that were confirmed satisfied on Feb 26, 2026 (F1).
  • Barrett has voting rights and dividend entitlement for these shares now, but full ownership will not vest until additional service-based conditions are met (F1, F2).
  • The filing includes standard disclaimers about household holdings (F6) and other plan-related notes (F3–F5) that do not change the nature of this award.
• Timeliness: The report covers the Feb 26, 2026 transaction and was filed with a period ending the same date; no late-filing indication is noted.

Context

• This is an equity award (restricted/performance-based shares). Receiving such grants is a common form of long-term compensation for executives; because vesting depends on future service (and previously satisfied performance conditions), these shares are not fully owned yet and may not reflect an immediate bullish or bearish signal.
• For retail investors, note the difference from an open-market purchase (which shows personal cash commitment) or a sale (which can signal liquidity needs); grants are compensation and intended to align executive incentives with shareholder value over time.