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Ownership Document
|
| Schema Version: X0306 |
| Document Type: 4 |
| Period of Report: 8/8/22 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 79282 |
| Issuer Name: BROWN & BROWN, INC. |
| Issuer Trading Symbol: BRO |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1379596 |
| | Owner Name: LLOYD ROBERT W |
| Reporting Owner Address: |
| | Owner Street 1: 300 N. BEACH STREET |
| | Owner Street 2: |
| | Owner City: DAYTONA BEACH |
| | Owner State: FL |
| | Owner ZIP Code: 32114 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: EVP, Secy, General Counsel |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock, $.10 par value |
| | Transaction Date: |
| | | Value: 8/8/22 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: S |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | | Value: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 10,129 |
| | | Transaction Price Per Share: |
| Value: 65.484 |
| Footnote ID: F1 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 33,748 |
| Footnote ID: F2 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock, $.10 par value (2010 SIP) |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 45,427 |
| Footnote ID: F3 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock, $.10 par value (2019 SIP) |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 21,399 |
| Footnote ID: F4 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock, $.10 par value (PSP) |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 21,048 |
| Footnote ID: F5 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $65.35 to $65.66, 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. |
| Footnote - F2: A total of 460 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2022. Number of shares may vary due to dividend reinvestment. |
| Footnote - F3: These securities were granted pursuant to the Company's 2010 Stock Incentive Plan. 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. |
| Footnote - F4: These securities were granted pursuant to the Company's 2019 Stock Incentive Plan. 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. |
| Footnote - 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. |
| Remarks: |
| Owner Signature: |
| Signature Name: /s/ Anthony M. Robinson, for Robert W. Lloyd, per Power of Attorney |
| Signature Date: 8/9/22 |
