Form 4: Brown & Brown Chairman Hyatt J. Brown Donates 950,000 Shares

Chairman Hyatt J. Brown reports a donation of 950,000 shares of Brown & Brown, Inc. stock, while still maintaining significant beneficial ownership.

Summary

• Hyatt J. Brown, Chairman of Brown & Brown, Inc., filed a Form 4 disclosing a transaction on April 25, 2024.
• The transaction involved the disposition of 950,000 shares of Common Stock, $.10 par value, through a donation.
• The price per share for the donation is listed as $0.00.
• Following the transaction, Brown directly owns no shares but indirectly owns 36,418,928 shares through a Limited Partnership, 2,054,950 shares through a Charitable Lead Annuity Trust, and 134,640 shares through an IRA.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock donation. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The donation of shares could potentially impact the charitable organization receiving the donation.

Key Dates