Form 4: Brown & Brown Director Theodore J. Hoepner Reports Acquisition of Common Stock

Director Theodore J. Hoepner reports acquiring 1,407 shares of Brown & Brown, Inc. common stock.

Summary

• Theodore J. Hoepner, a director of Brown & Brown, Inc., filed a Form 4 to report changes in beneficial ownership.
• On May 8, 2024, Hoepner acquired 1,407 shares of common stock at a price of $0.00 per share.
• Following the transaction, Hoepner directly owns 68,483 shares of Brown & Brown, Inc.
• Hoepner also indirectly owns 25,000 shares through an irrevocable trust where his spouse is the trustee and his son and his son's descendants are the beneficiaries.
• Additionally, Hoepner indirectly owns 25,000 shares through another irrevocable trust where his spouse is the trustee and his daughter and her descendants are the beneficiaries.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The director's acquisition of shares could be interpreted as a positive signal about the company's prospects.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment.

Key Dates