Brown & Brown (NYSE: BRO) insider gifts 1,422 shares via limited partnership

Rhea-AI Filing Summary

Brown & Brown, Inc. insider J. Hyatt Brown, who serves as chairman, director, and a 10% owner, reported a transaction in the company’s common stock dated 12/15/2025. The filing shows a disposition coded “G” of 1,422 shares at a price of $0.00, affecting his indirect holdings in an affiliated limited partnership.

After this transaction, the form reports 35,997,546 shares held indirectly through Ormond Riverside, Limited Partnership, and 1,954,590 shares held indirectly through the James Hyatt Brown Nongrantor Charitable Lead Annuity Trust. The explanatory notes describe a trust and partnership structure through which Brown and related parties hold voting and investment power over these shares.

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

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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^*

BROWN HYATT J

(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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

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	12/15/2025		G		1,422	D	$0.00	35,997,546	I	Limited Partnership(1)
Common Stock, $.10 par value								1,954,590(2)	I	Charitable Lead Annuity Trust

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 Ormond Riverside, Limited Partnership (the "Limited Partnership"), of which Swakopmund, Inc. is the General Partner that has voting and investment power over such shares. Swakopmund, Inc. is 100% owned by the Swakopmund Trust of 2009, a revocable trust created by the Reporting Person, who is the sole turstee thereof and retains the sole voting and investment powers with respect to all the shares of Swakopmund, Inc.

2. These shares are held by the James Hyatt Brown Nongrantor Charitable Lead Annuity Trust, of which the Reporting Person's spouse and three children are the trustees and of which his three children are the remainder beneficiaries.

	/s/ J. Hyatt Brown	12/15/2025
	** 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).
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FAQ

Who is the reporting insider in this Brown & Brown (BRO) Form 4?

The reporting insider is J. Hyatt Brown, who is identified as a director, 10% owner, and officer (Chairman) of Brown & Brown, Inc.

What stock transaction did J. Hyatt Brown report for Brown & Brown (BRO)?

He reported a transaction in common stock, $.10 par value on 12/15/2025, showing a disposition coded “G” of 1,422 shares at a price of $0.00.

How many Brown & Brown shares does J. Hyatt Brown indirectly own after this transaction?

The form shows 35,997,546 shares indirectly held through Ormond Riverside, Limited Partnership, and 1,954,590 shares indirectly held through the James Hyatt Brown Nongrantor Charitable Lead Annuity Trust.

Through which entities does J. Hyatt Brown hold his indirect Brown & Brown (BRO) shares?

Indirect holdings are reported through Ormond Riverside, Limited Partnership and the James Hyatt Brown Nongrantor Charitable Lead Annuity Trust.

What is the structure behind the Ormond Riverside, Limited Partnership holdings?

The shares are held by Ormond Riverside, Limited Partnership, whose general partner is Swakopmund, Inc., which is 100% owned by the Swakopmund Trust of 2009, a revocable trust created by J. Hyatt Brown, who is its sole trustee and retains sole voting and investment powers over the shares of Swakopmund, Inc.

Who controls the James Hyatt Brown Nongrantor Charitable Lead Annuity Trust that holds BRO shares?

The James Hyatt Brown Nongrantor Charitable Lead Annuity Trust lists the reporting person’s spouse and three children as trustees, and his three children as the remainder beneficiaries.