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Filing Details

Accession Number:: 0001209191-19-061819
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-12-23 17:00:11
Reporting Period:: 2019-12-19

Accepted Time:: 2019-12-23 17:00:11
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
79282	Brown & Brown Inc.	BRO	Insurance Agents, Brokers & Service (6411)	590864469

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1180023	Scott Jerome Penny	220 South Ridgewood Avenue Daytona Beach FL 32114	Evp Chief Acquisitions Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, $.10 Par Value (Jointly Owned)	Disposition	2019-12-19	30,000	$39.47	357,056	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, $.10 Par Value (Sip)	176,558	Direct
Common Stock, $.10 Par Value (Psp)	34,632	Direct
Common Stock, $.10 Par Value	19,311	Indirect	By 401k
Common Stock, $.10 Par Value	192	Indirect	Children
Common Stock, $.10 Par Value	81,784	Direct

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $39.4300 to $39.5051, 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.
Owned jointly with spouse.
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.
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.
Based upon information supplied by the plan record keeper as of February 25, 2019. Number of shares varies periodically based on contributions to plan.
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.
A total of 862 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2019. Number of shares may vary due to dividend reinvestment.