Brown & Brown (BRO) EVP P. Barrett Brown reports 127,034-share stock gift

Rhea-AI Filing Summary

Brown & Brown, Inc. executive P. Barrett Brown reported an insider stock gift. On 12/31/2025, he recorded a transaction coded "G" (gift) involving 127,034 shares of Brown & Brown common stock at a reported price of $0.00 per share.

After this transaction, he is shown as beneficially owning 1,827,556 shares held indirectly through the James Hyatt Brown Nongrantor Charitable Lead Annuity Trust, where he is a trustee and remainder beneficiary. He also holds 1,351,419 shares directly, 66,479 shares of restricted stock under the company’s 2019 Stock Incentive Plan, 10,922 shares indirectly through a 401(k) plan, and 2,324 shares indirectly attributed to his children, for which he disclaims beneficial ownership.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Brown P Barrett

(Last) (First) (Middle)

300 N. BEACH STREET

(Street)

DAYTONA BEACH FL 32114

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BROWN & BROWN, INC. [ BRO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $.10 par value	12/31/2025		G		127,034	D	$0.00	1,827,556(1)	I	Charitable Lead Annuity Trust
Common Stock, $.10 par value								1,351,419(2)	D
Common Stock, $.10 par value (2019 SIP)								66,479(3)	D
Common Stock, $.10 par value								10,922(4)	I	401k
Common Stock, $.10 par value								2,324	I	Children(5)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

2. A total of 248 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2025. Number of shares may vary due to dividend reinvestment.

3. These securities were granted pursuant to the Company's 2019 Stock Incentive Plan ("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.

4. Based upon information supplied by the plan record keeper as of December 31, 2024. Number of shares varied periodically based on contributions to the plan.

5. 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.

	/s/ Anthony M. Robinson, for P. Barrett Brown, per Power of Attorney	12/31/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Brown & Brown EVP report in this Form 4?

Executive Vice President P. Barrett Brown reported a transaction coded "G" (gift) on 12/31/2025 involving 127,034 shares of Brown & Brown common stock at a reported price of $0.00 per share.

How many Brown & Brown (BRO) shares did P. Barrett Brown gift and at what price?

He reported a gift of 127,034 shares of Brown & Brown common stock at a reported price of $0.00 per share on 12/31/2025.

What is P. Barrett Brown’s role at Brown & Brown (BRO)?

P. Barrett Brown is listed as an Officer of Brown & Brown, Inc., serving as Executive Vice President.

How many Brown & Brown shares does P. Barrett Brown beneficially own after the reported transaction?

Following the reported gift, he beneficially owns 1,827,556 shares indirectly through a charitable lead annuity trust, plus 1,351,419 shares directly, 66,479 shares under the 2019 Stock Incentive Plan, 10,922 shares indirectly through a 401(k) plan, and 2,324 shares indirectly attributed to his children.

How are P. Barrett Brown’s Brown & Brown shares held (direct vs. indirect)?

His holdings include 1,351,419 shares held directly, 66,479 shares of stock granted under the 2019 Stock Incentive Plan, 1,827,556 shares held indirectly through the James Hyatt Brown Nongrantor Charitable Lead Annuity Trust, 10,922 shares indirectly through a 401(k) plan, and 2,324 shares indirectly attributed to his children.

What is the James Hyatt Brown Nongrantor Charitable Lead Annuity Trust mentioned in the filing?

The filing states that 1,827,556 shares are held by the James Hyatt Brown Nongrantor Charitable Lead Annuity Trust, for which P. Barrett Brown is a trustee and remainder beneficiary.

Does P. Barrett Brown claim beneficial ownership of shares held by his children?

No. The filing explains that he disclaims beneficial ownership of the 2,324 shares owned by his children who share his household, and that the report should not be deemed an admission of beneficial ownership for Section 16 or any other purpose.