JOHNSON JOIA M 4
Research Summary
AI-generated summary
Brown & Brown (BRO) Director Joia M. Johnson Buys 860 Shares
What Happened
Joia M. Johnson, a director of Brown & Brown, Inc. (BRO), made an open-market purchase of 860 shares on 2026-06-09 at an average price of $58.05 per share, for a total transaction value of $49,923. This was a purchase (code P), which is generally considered more informative than routine sales.
Key Details
- Transaction date: 2026-06-09 (reported on Form 4 filed 2026-06-10) — filing appears timely.
- Transaction type: Open-market purchase (Code P).
- Shares purchased: 860; reported weighted-average price: $58.05; total value: $49,923.
- Footnote: The filing notes the price is a weighted average and that trades occurred across prices in the $57.99–$58.12 range; the reporting person can provide a breakdown on request.
- Shares owned after transaction: Not disclosed in the information provided.
Context
Purchases by directors can signal confidence but are not definitive proof of future performance. This transaction was a straightforward open-market buy (no options, gifts, or tax-withholding mechanics reported).