Boyd Stephen M 4

What Happened

• Stephen M. Boyd, EVP/Pres Spec Dist Segment of Brown & Brown, was granted two awards totaling 16,114 shares (10,404 + 5,710) on Feb 26, 2026. Each grant shows an acquisition price of $0.00 (no cash paid). The reported transaction type is "A" (award/grant).
• These shares are awards under the company's 2019 Stock Incentive Plan and are not fully vested — voting rights and dividend entitlement apply for these shares, but full ownership awaits satisfaction of additional service-based (and, for the earlier grant, previously performance-based) conditions.

Key Details

• Transaction dates and prices: Feb 26, 2026 — 10,404 shares @ $0.00; Feb 26, 2026 — 5,710 shares @ $0.00. Total new shares: 16,114; reported acquisition value $0.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes of note:
  • F1: Initial grant tied to the 2019 SIP was made Feb 20, 2023 and was performance‑conditioned; on Feb 26, 2026 the company confirmed the performance conditions were met. Reporting person has voting/dividend rights but full vesting requires additional service-based conditions.
  • F2: The second award is also under the 2019 SIP; voting/dividend rights apply but full ownership vests with service conditions.
  • F3: 248 of the reported shares were acquired earlier via the company's Teammate Stock Purchase Plan (July 2025); this number may change due to dividend reinvestment.
• Timeliness: Transaction date Feb 26, 2026; Form 4 filed Mar 2, 2026. Form 4s are typically required within two business days of the transaction, so this filing was submitted after that window.

Context

• These are company grants/awards (code A)—not open-market purchases or sales. Awarded shares with service/performance vesting are common compensation and do not by themselves indicate an immediate buy or sell signal.
• The filing indicates the insider already has voting rights and dividend entitlement on these shares, but the economic ownership is contingent on future vesting.