Brown & Brown (NYSE: BRO) EVP gets new stock grants

Rhea-AI Filing Summary

Brown & Brown EVP and Chief People Officer Julie Turpin reported stock awards under the company’s 2019 Stock Incentive Plan. On February 26, 2026, she acquired 11,704 shares tied to performance conditions originally granted on February 20, 2023, once those performance goals were confirmed as met.

She also acquired a separate grant of 2,855 service-based shares on the same date. For both awards, she currently has voting rights and dividend entitlement, but full ownership will vest only after additional service-based conditions are satisfied. A footnote also notes 248 shares previously acquired through the Teammate Stock Purchase Plan in July 2025.

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

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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^*

Turpin Julie

(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)
	EVP/Chief People Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

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 (2019 SIP)	02/26/2026		A		11,704(1)	A	$0.00	38,973(2)	D
Common Stock, $.10 par value (2019 SIP)	02/26/2026		A		2,855	A	$0.00	41,828(2)	D
Common Stock, $.10 par value								41,036(3)	D

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 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.

2. 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.

3. 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.

	/s/ Julie Turpin	02/27/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did BRO executive Julie Turpin report on this Form 4?

Julie Turpin reported stock awards granted under Brown & Brown’s 2019 Stock Incentive Plan. She acquired 11,704 performance-based shares and 2,855 service-based shares, all at zero price, with voting and dividend rights but subject to future service-based vesting conditions.

How many Brown & Brown (BRO) shares were tied to performance conditions for Julie Turpin?

Turpin’s award included 11,704 shares tied to performance-based conditions. These shares were initially granted on February 20, 2023 and became issuable after the company confirmed the required performance was achieved on February 26, 2026, subject to further service-based vesting.

What are the vesting terms of Julie Turpin’s new BRO stock awards?

Both stock awards give Turpin immediate voting rights and dividend entitlement but delay full ownership. The performance-based and service-based grants will vest only after additional service-based conditions are satisfied, meaning she must continue meeting employment-based requirements before the shares fully vest.

Were any Brown & Brown (BRO) shares purchased on the open market in this Form 4?

No open-market purchases or sales were reported. The filing shows stock awards granted at a price of $0.00 per share under company plans, plus a note that 248 shares were previously acquired through the Teammate Stock Purchase Plan in July 2025.

What is the Brown & Brown 2019 Stock Incentive Plan mentioned in the filing?

The 2019 Stock Incentive Plan is the program under which Turpin’s awards were granted. It supports performance-based and service-based stock grants, giving participants voting and dividend rights immediately while requiring specific performance and continued service conditions before full ownership of the shares vests.

What does the Teammate Stock Purchase Plan reference mean in the BRO Form 4 footnotes?

A footnote states 248 shares were acquired through the Teammate Stock Purchase Plan in July 2025. This indicates a separate employee share purchase program, with holdings potentially adjusted over time due to dividend reinvestment, alongside the incentive plan stock awards described in the Form 4.