LLOYD ROBERT W 4
4 · BROWN & BROWN, INC. · Filed Jul 1, 2019
Insider Transaction Report
Form 4
LLOYD ROBERT W
Vice President/General Counsel
Transactions
- Tax Payment
Common Stock, $.10 par value
2019-07-01$33.50/sh−881$29,514→ 19,460 total
Holdings
- 21,048
Common Stock, $.10 par value (PSP)
- 77,170
Common Stock, $.10 par value (SIP)
Footnotes (4)
- [F1]Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the vesting of 3,618 shares of stock under the Company's 2010 Stock Incentive Plan ("SIP").
- [F2]A total of 1,120 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2018. Number of shares may vary due to dividend reinvestment.
- [F3]These securities were granted pursuant to the Company's Performance Stock Plan ("PSP"). Based on the satisfaction of conditions established pursuant to the PSP, the Reporting Person has voting rights and dividend entitlement with respect to these shares based on the satisfaction of certain performance-based criteria, but full ownership will not vest until the satisfaction of additional conditions.
- [F4]These securities were granted pursuant to the Company's 2010 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.