Brown & Brown (NYSE: BRO) EVP awarded 13,004 company shares
Rhea-AI Filing Summary
Brown & Brown, Inc. Executive Vice President Brown P. Barrett reported an acquisition of 13,004 shares of common stock on February 26, 2026, recorded at $0.00 per share. These shares were granted under the company’s 2019 Stock Incentive Plan.
The initial grant was made in February 2023 and became effective when the company confirmed that performance-based conditions were satisfied on February 26, 2026. Barrett now has voting rights and dividend entitlements on these shares, although full ownership will vest only after additional service-based conditions are met.
Following this award, direct holdings under the 2019 Stock Incentive Plan total 60,537 shares. Separate from this, direct common stock holdings are 1,361,925 shares, with additional indirect interests including 1,827,556 shares held in a charitable lead annuity trust where he serves as trustee and remainder beneficiary, 11,159 shares in a 401(k) plan as of December 31, 2025, and 2,324 shares held by his children, for which beneficial ownership is disclaimed.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $.10 par value (2019 SIP) | 13,004 | $0.00 | -- |
| holding | Common Stock, $.10 par value | -- | -- | -- |
| holding | Common Stock, $.10 par value | -- | -- | -- |
| holding | Common Stock, $.10 par value | -- | -- | -- |
| holding | Common Stock, $.10 par value | -- | -- | -- |
Footnotes (1)
- 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. 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. 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. These shares are held by the James Hyatt Brown Nongrantor Charitable Lead Annuity Trust, of which the Reporting Person is a trustee and remainder beneficiary. Based upon information supplied by the plan record keeper as of December 31, 2025. Number of shares varied periodically based on contributions to the plan. Reporting person disclaims beneficial ownership of securities owned by children who share the Reporting person's household. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purpose of Section 16 or for any other purpose.
