Walker Chris L 4

What Happened

• Chris L. Walker, EVP and Chair of the Specialty Distribution segment at Brown & Brown, was granted a total of 15,145 securities on February 26, 2026 (13,004 and 2,141 shares). The reported acquisition price is $0 — these are awards under the company’s 2019 Stock Incentive Plan rather than a cash purchase. Delivery and full ownership are subject to service- and/or performance-based vesting conditions described in the filing.

Key Details

• Transaction date(s): 2026-02-26 (two award entries: 13,004 shares and 2,141 shares); price per share reported: $0.00; transaction code: A (award/grant).
• Total shares in this filing: 15,145 shares (aggregate of both awards).
• Post-transaction holdings: the filing does not state Walker’s total shares owned following these awards.
• Footnotes of note:
  • F1: Initial grant was dated 2023-02-20 but performance conditions were satisfied on 2026-02-26; dividend equivalents apply, but shares won’t be delivered until service-based vesting or the reporting person’s qualified retirement.
  • F2: Awards include restricted stock (voting rights and dividend entitlement now; full ownership after service vesting) and restricted stock units (dividend equivalents; delivery after service vesting or qualified retirement).
  • F3: 248 of the reported shares were acquired earlier via the company’s Teammate Stock Purchase Plan (July 2025); number may vary due to dividend reinvestment.
• Filing timeliness: Filed 2026-03-02 for a 2026-02-26 transaction. This meets the usual two-business-day Form 4 deadline (filing appears timely).

Context

• These awards are part of executive compensation and are not an open-market purchase or sale. Because delivery and full ownership are tied to future service or retirement conditions, they do not represent immediately tradeable shares.
• For retail investors: awards are routine compensation actions; they signal internal compensation alignment but not an immediate cash investment decision by the insider.