Brown & Brown (NYSE: BRO) EVP sees 8,440 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BROWN & BROWN, INC. Executive Vice President Barrett P. Brown reported a tax-related share disposition. On the vesting of 18,946 shares under the company’s 2019 Stock Incentive Plan, 8,440 common shares were withheld by the company solely to cover income tax withholding, at a price of $69.59 per share. After this tax-withholding disposition, Brown directly owned 1,361,925 common shares. Additional indirect holdings include shares in a charitable lead annuity trust, a 401(k) plan, and shares attributed to children, with beneficial ownership of the children’s shares expressly disclaimed.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Brown P Barrett
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $.10 par value | 8,440 | $69.59 | $587K |
| holding | Common Stock, $.10 par value (2019 SIP) | -- | -- | -- |
| holding | Common Stock, $.10 par value | -- | -- | -- |
| holding | Common Stock, $.10 par value | -- | -- | -- |
| holding | Common Stock, $.10 par value | -- | -- | -- |
Holdings After Transaction:
Common Stock, $.10 par value — 1,361,925 shares (Direct);
Common Stock, $.10 par value (2019 SIP) — 47,533 shares (Direct);
Common Stock, $.10 par value — 1,827,556 shares (Indirect, Charitable Lead Annuity Trust)
Footnotes (1)
- Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the vesting of 18,946 shares of stock under the Company's 2019 Stock Incentive Plan ("2019 SIP"). A total of 248 of these shares were acquired through the Company's Teammate Stock Purchase Plan in July 2024. Number of shares may vary due to dividend reinvestment. 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. 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.
FAQ
What insider transaction did BRO executive Barrett P. Brown report?
Barrett P. Brown reported a tax-withholding disposition of shares. The company withheld 8,440 Brown & Brown common shares to satisfy income tax obligations tied to vesting equity, rather than an open-market sale, reflecting routine administration of his 2019 Stock Incentive Plan award.
What indirect Brown & Brown (BRO) holdings are linked to Barrett P. Brown?
Indirect holdings include shares in a charitable lead annuity trust where he is trustee and remainder beneficiary, a 401(k) plan account, and shares attributed to his children. The filing states he disclaims beneficial ownership of the children’s shares for Section 16 and other purposes.