Watts R. Andrew 4

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

AI-generated summary of this filing

Updated Mar 2, 2026

Brown & Brown (BRO) CFO Watts R. Andrew Receives Award

What Happened

Watts R. Andrew, EVP, Chief Financial Officer and Treasurer of Brown & Brown, was granted two awards on Feb 26, 2026 totaling 32,077 shares (26,010 shares and 6,067 shares). Each grant shows an acquisition price of $0, so the reported acquisition value is $0. These are equity awards under the company's 2019 Stock Incentive Plan (restricted stock-type awards), not open-market purchases or sales.

Key Details

Transaction date: 2026-02-26; Filing date: 2026-03-02 (filed within the typical 2-business-day Form 4 window).
Price: $0.00 per share (award/grant), reported total value $0.
Shares owned after transaction: not specified in the filing.
Footnotes:
- F1: The initial grant (originating Feb 20, 2023) had performance conditions that were confirmed satisfied on Feb 26, 2026; Andrew has voting and dividend rights on these shares but full ownership vests only after additional service-based conditions.
- F2: The second grant likewise carries voting/dividend rights but vests upon satisfaction of service-based conditions.
- F3: 248 of the reported shares were acquired earlier through the Company's Teammate Stock Purchase Plan (July 2025); share counts may vary due to dividend reinvestment.
Transaction type code: A = Award/Grant.

Context

These are compensation awards (restricted shares) under the 2019 SIP. Although granted at no cash cost to the insider, the shares are subject to vesting conditions (performance and/or continued service) and therefore do not represent an immediate open-market investment by the insider.
For retail investors, awards like this typically reflect executive compensation arrangements rather than a direct buy/sell signal; purchases or open-market sales are often more indicative of personal trading sentiment.

Form 4

Period: 2026-02-26

EVP, CFO and Treasurer

Transactions

Award
Common Stock, $.10 par value (2019 SIP)
[F1][F2]
2026-02-26+26,010→ 84,160 total
Award
Common Stock, $.10 par value (2019 SIP)
[F2]
2026-02-26+6,067→ 90,227 total

Holdings

Footnotes (3)

[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]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.

Signature

/s/ R. Andrew Watts|2026-02-26

1 file