Form 4: Brown & Brown Director Wendell Reilly Reports Share Acquisition and Indirect Holdings
SEC Form 4 Filing
Director Wendell Reilly reports acquiring 1,407 shares of Brown & Brown, Inc. common stock and discloses indirect ownership through Grapevine Partners, LLC.
Summary
- On May 8, 2024, Wendell Reilly, a director of Brown & Brown, Inc., reported acquiring 1,407 shares of common stock at $0.00 per share.
- Following the transaction, Reilly directly owns 39,029 shares.
- Reilly also indirectly owns 195,354 shares through Grapevine Partners, LLC.
- Grapevine Partners, LLC is a limited liability company where Reilly is the sole member.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating neutral sentiment. It simply reports a transaction.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company stock, providing transparency to investors.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects an insider's investment in the company.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of transaction: Wendell Reilly acquired 1,407 shares of Brown & Brown, Inc. common stock. |
| 05/08/2024 | Date of report signature. |
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