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Ownership Document |
Schema Version: X0306 |
Document Type: 4 |
Period of Report: 2/24/22 |
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: 2/24/22 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: F |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | | Value: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 6,921 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 64.23 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 43,417 |
| 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: Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the vesting of 18,885 shares of stock under the Company's 2010 Stock Incentive Plan ("2010 SIP"). |
| Footnote - F2: A total of 549 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2021. Number of shares may vary due to dividend reinvestment. |
| Footnote - F3: These securities were granted pursuant to the Company's 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 service-based conditions. |
| Footnote - 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. |
| 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/ Robert W. Lloyd |
| Signature Date: 2/24/22 |