Brown & Brown (BRO) EVP Penny Scott reports new stock grants

Rhea-AI Filing Summary

BROWN & BROWN, INC. executive Penny Jerome Scott, EVP Chief Acquisitions Officer, reported equity awards under the company’s 2019 Stock Incentive Plan. On February 26, 2026, she acquired 13,004 common shares tied to a 2023 performance-based grant and an additional 2,676 common shares subject to service-based vesting.

For both grants, she now has voting rights and is entitled to dividends, while full ownership will vest only after specified service conditions are met. The filing also updates her directly and jointly owned share balances, plus indirect holdings through a 401(k) plan and shares attributed to children, for which beneficial ownership is expressly disclaimed.

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^*

PENNY JEROME SCOTT

(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 Acquisitions 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		13,004(1)	A	$0.00	59,484(2)	D
Common Stock, $.10 par value (2019 SIP)	02/26/2026		A		2,676	A	$0.00	62,160(2)	D
Common Stock, $.10 par value (Jointly Owned)								357,056(3)	D
Common Stock, $.10 par value								272,674(4)	D
Common Stock, $.10 par value								19,947(5)	I	401k
Common Stock, $.10 par value								192	I	Children(6)

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. Owned jointly with spouse.

4. 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.

5. Based upon information supplied by the plan record keeper as of December 31, 2025. Number of shares varies periodically based on contributions to the plan.

6. 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/ J. Scott Penny	02/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did BRO executive Penny Jerome Scott report?

Penny Jerome Scott reported equity awards in BROWN & BROWN, INC. common stock. She received performance-based and service-based share grants under the 2019 Stock Incentive Plan, with voting and dividend rights now effective but final vesting dependent on future service conditions outlined in the plan.

How many BROWN & BROWN (BRO) shares did Penny Jerome Scott acquire?

She acquired 13,004 common shares from a performance-based grant and 2,676 additional service-based shares. Both grants were made under the 2019 Stock Incentive Plan, with immediate voting and dividend rights but full ownership vesting only after meeting ongoing service requirements.

Are Penny Jerome Scott’s new BRO stock awards fully vested?

The awards are not yet fully vested. She has current voting rights and dividend entitlement on the granted shares, but full ownership will only vest after she satisfies specified service-based conditions defined in the 2019 Stock Incentive Plan and related grant terms.

What does the Form 4 say about jointly owned BROWN & BROWN (BRO) shares?

The Form 4 notes a block of BROWN & BROWN common stock that is owned jointly with her spouse. This jointly owned position is reported separately from her individually held shares and from indirect holdings through benefit plans or family members.

How are Penny Jerome Scott’s 401(k) holdings in BRO stock reported?

Her 401(k) holdings are reported as indirect ownership of BROWN & BROWN common stock. The share count is based on information from the plan record keeper as of December 31, 2025, and may change over time with contributions and dividend reinvestment activity.

Does Penny Jerome Scott claim beneficial ownership of BRO shares held by her children?

She expressly disclaims beneficial ownership of BROWN & BROWN common shares owned by children in her household. The filing states that reporting these shares does not represent an admission that she is the beneficial owner for Section 16 or any other legal purpose.