Tax-withholding share disposition by BRO EVP Julie Turpin reported in Form 4

Rhea-AI Filing Summary

BROWN & BROWN, INC. executive Julie Turpin, EVP and Chief People Officer, reported a tax-related share disposition tied to equity compensation. On February 23, 2026, 4,418 shares of common stock at $69.59 per share were withheld by the company solely to cover income tax obligations from the vesting of 14,886 shares under the 2019 Stock Incentive Plan.

After this tax-withholding disposition, Turpin directly held 41,036 shares of common stock and 27,269 shares under the 2019 Stock Incentive Plan, for which she has voting rights and dividend entitlement but that remain subject to service-based vesting conditions.

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)
02/23/2026

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	02/23/2026		F		4,418(1)	D	$69.59	41,036(2)	D
Common Stock, $.10 par value (2019 SIP)								27,269(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. Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the vesting of 14,886 shares of stock under the Company's 2019 Stock Incentive Plan ("2019 SIP").

2. 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.

3. 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.

	/s/ Anthony M. Robinson, for Julie Turpin, per Power of Attorney	02/24/2026
	** 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

What insider transaction did Julie Turpin report at BROWN & BROWN (BRO)?

Julie Turpin reported a tax-withholding disposition where the company withheld 4,418 shares of common stock. This covered income taxes on the vesting of 14,886 shares granted under the 2019 Stock Incentive Plan.

Was Julie Turpin’s Form 4 transaction at BRO an open-market sale?

No, the Form 4 describes a tax-withholding disposition, not an open-market sale. The company withheld 4,418 shares solely to satisfy income tax requirements tied to vesting of stock awards.

How many BROWN & BROWN (BRO) shares were involved in the tax withholding?

The company withheld 4,418 shares of BROWN & BROWN common stock at $69.59 per share. These shares were used to cover income tax withholding related to 14,886 vested shares under the 2019 Stock Incentive Plan.

How many BRO shares does Julie Turpin hold after this Form 4 transaction?

After the transaction, Julie Turpin directly held 41,036 shares of common stock and 27,269 shares under the 2019 Stock Incentive Plan. The plan shares carry voting and dividend rights but vest fully only after service-based conditions.

What is the role of the 2019 Stock Incentive Plan in this BRO Form 4?

The 2019 Stock Incentive Plan is the source of the equity awards. The tax-withholding disposition covered taxes on 14,886 vested shares, and Turpin continues to hold 27,269 plan shares subject to service-based vesting conditions.

Did Julie Turpin acquire any BROWN & BROWN (BRO) shares through employee purchase programs?

Yes. A footnote states that 248 shares within her holdings were acquired through the company’s Teammate Stock Purchase Plan in July 2025. The share count may vary over time due to dividend reinvestment.