GELLERSTEDT LAWRENCE L III 4

What Happened

• Lawrence L. Gellerstedt III, a director of Brown & Brown, Inc. (BRO), was reported to have received an award of 2,434 shares on 2026-05-06. The reported acquisition price is $0.00, so the transaction value shown on the Form 4 is $0 (consistent with a grant or vesting of restricted stock/RSUs rather than a cash purchase).

Key Details

• Transaction date: 2026-05-06
• Transaction type/code: Award/Grant (A)
• Shares acquired: 2,434
• Price per share reported: $0.00; total reported value: $0
• Shares owned after transaction: not specified on the reported Form 4
• Filing details: Form 4 filed with SEC (Accession: 0001193125-26-209302); no late-filing notation indicated on the report

Context

• A $0.00 acquisition price typically reflects an equity award (e.g., restricted stock unit vesting or a grant) rather than an open-market purchase; such awards are common as compensation and do not necessarily signal the insider's personal cash investment or market view.
• Retail investors should check the company's proxy statement or related filings for compensation plan details if you want to understand why the award was granted and any vesting or trading restrictions.