Form 4: Brown & Brown EVP, CFO and Treasurer R. Andrew Watts Reports Sale of Common Stock

R. Andrew Watts, EVP, CFO and Treasurer of Brown & Brown, Inc., reported the sale of 2,500 shares of common stock at a weighted average price of $100.32 on August 8, 2024.

Summary

• On August 8, 2024, R. Andrew Watts, the EVP, CFO, and Treasurer of Brown & Brown, Inc., sold 2,500 shares of the company's common stock.
• The sale was executed at a weighted average price of $100.32 per share, with individual transactions ranging from $100.31 to $100.35.
• Following the transaction, Watts directly owns 88,445 shares of common stock and indirectly owns 2,383 shares through the Watts Family Trust.
• Watts also holds 96,827 shares granted under the company's 2019 Stock Incentive Plan, which are subject to service-based vesting conditions.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. It's a routine filing and doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of insider trading activity. It's common for executives to periodically sell shares for personal financial management purposes.

Stakeholder Impact

• The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although it is a common practice for executives to diversify their holdings.

Key Dates