Form 4: Brown & Brown Chairman Hyatt J. Brown Reports Stock Transfer to Charitable Trust and Limited Partnership

Hyatt J. Brown, Chairman of Brown & Brown, Inc., reported the disposition of 100,360 shares of common stock to a Charitable Lead Annuity Trust and indirect ownership of 35,998,968 shares through a Limited Partnership.

Summary

• On December 31, 2024, Hyatt J. Brown, Chairman of Brown & Brown, Inc., reported a transaction involving the company's common stock.
• Brown disposed of 100,360 shares of common stock with a value of $0.
• Following the transaction, Brown directly owns 1,954,590 shares.
• Brown also indirectly owns 35,998,968 shares through a Limited Partnership.
• The shares disposed of were transferred to the James Hyatt Brown Nongrantor Charitable Lead Annuity Trust.
• Brown's spouse and three children are the trustees, and his three children are the remainder beneficiaries of the trust.
• The shares held by the Limited Partnership are controlled by Swakopmund, Inc., which is wholly owned by the Swakopmund Trust of 2009, a revocable trust created by Brown, who is the sole trustee.

Sentiment

Score: 5

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

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company insider and is common in the financial industry.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership structure, but the Chairman still retains significant control.
• The transfer to a charitable trust may have a positive impact on the beneficiaries of the trust.

Key Dates