Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-20-044513
Date:2020-07-30
Issuer: BROWN & BROWN, INC. (BRO)
Original Submission Date:

Reporting Person:

LLOYD ROBERT W
220 SOUTH RIDGEWOOD AVENUE
DAYTONA BEACH, FL 32114

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK, $.10 PAR VALUE 2020-07-30 S 21,828 d $44.50 20,156 direct
COMMON STOCK, $.10 PAR VALUE (2010 SIP) 2020-07-30 0 $0.00 60,075 direct
COMMON STOCK, $10 PAR VALUE (2019 SIP) 2020-07-30 0 $0.00 2,576 direct
COMMON STOCK, $.10 PAR VALUE (PSP) 2020-07-30 0 $0.00 21,048 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 the price reported in column 4 is a weighted average price. these shares were sold in multiple transactions ranging from $44.4000 to $44.6950, inclusive. the reporting person undertakes to provide brown & brown, inc., any security holder of brown & brown, inc., or the staff of the securities and exchange commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
f2 a total of 696 of these shares were acquired through the company's employee stock purchase plan in july 2020. number of shares may vary due to dividend reinvestment.
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 additional service-based conditions.
f4 these securities were granted pursuant to the company's 2019 stock incentive plan ("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.
f5 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.
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