Brown & Brown CEO granted new stock awards
Rhea-AI Filing Summary
BROWN & BROWN, INC. President and CEO J. Powell Brown reported stock awards under the company’s equity plans. On February 26, 2026, he acquired 78,030 shares of common stock at $0.00 per share under the 2019 Stock Incentive Plan after performance-based conditions were confirmed as satisfied. On February 25, 2026, he also received a separate grant of 17,844 shares under the same plan at no cost.
For these awards, he already has voting rights and dividend entitlement, while full ownership depends on meeting additional service-based conditions. The filing also updates his holdings in earlier stock incentive plans, a performance stock plan, a 401(k) account, shares held for his children, and a charitable lead annuity trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 95,874 shares
Grant/Award
8 txns
Insider
BROWN J POWELL
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $.10 par value (2019 SIP) | 78,030 | $0.00 | $0.00 |
| holding | Common Stock, $.10 par value (2010 SIP) | -- | -- | -- |
| holding | Common Stock, $.10 par value (PSP) | -- | -- | -- |
| holding | Common Stock, $.10 par value | -- | -- | -- |
| holding | Common Stock, $.10 par value | -- | -- | -- |
| holding | Common Stock, $.10 par value | -- | -- | -- |
| holding | Common Stock, $.10 par value | -- | -- | -- |
| Grant/Award | Common Stock, $.10 par value (2019 SIP) | 17,844 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock, $.10 par value (2019 SIP) — 186,193 shares (Direct);
Common Stock, $.10 par value (2010 SIP) — 299,264 shares (Direct);
Common Stock, $.10 par value (PSP) — 32,000 shares (Direct);
Common Stock, $.10 par value — 43,849 shares (Indirect, 401k);
Common Stock, $.10 par value — 32,241 shares (Indirect, Children);
Common Stock, $.10 par value — 2,881,434 shares (Direct);
Common Stock, $.10 par value — 1,827,556 shares (Indirect, Charitable Lead Annuity Trust)
Footnotes (8)
- F1. 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.
- F2. 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.
- F3. These securities were granted pursuant to the Company's 2010 Stock Incentive Plan ("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.
- F4. 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.
- F5. Based upon the information supplied by the plan record keeper as of December 31, 2025. Number of shares varies periodically based on contributions to the plan.
- F6. 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.
- F7. 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 reinvesment.
- F8. These shares are held by the James Hyatt Brown Nongrantor Charitable Lead Annuity Trust, of which the Reporting Person is a trustee and a remainder beneficiary.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did BROWN & BROWN (BRO) CEO report in this Form 4 filing?
The CEO reported stock awards under BROWN & BROWN’s equity plans. He received 78,030 and 17,844 common shares at $0.00 per share, reflecting performance- and service-based grants under the 2019 Stock Incentive Plan with future vesting conditions.
What is the second stock grant disclosed for BROWN & BROWN (BRO) CEO?
The filing discloses a separate grant of 17,844 common shares on February 25, 2026. This award, also under the 2019 Stock Incentive Plan, carries voting and dividend rights but will fully vest only after specified service-based conditions are satisfied.
What other BROWN & BROWN (BRO) holdings are updated in this Form 4?
The filing updates holdings from the 2010 Stock Incentive Plan, the Performance Stock Plan, a 401(k) plan, shares held for the CEO’s children, and a charitable lead annuity trust, providing a broader picture of his direct and indirect equity interests.
AI-generated analysis. How Rhea-AI works. Not financial advice.
