Form 4: Brown & Brown EVP, CFO and Treasurer R. Andrew Watts Reports Stock Transaction
SEC Form 4 Filing
R. Andrew Watts, EVP, CFO and Treasurer of Brown & Brown, Inc., reports the withholding of shares to cover income tax obligations related to stock vesting.
Summary
- On February 25, 2024, R. Andrew Watts, EVP, CFO and Treasurer of Brown & Brown, Inc., had 14,000 shares of common stock withheld by the company to cover income tax withholding requirements associated with the vesting of 35,581 shares of stock under the company's 2010 Stock Incentive Plan.
- Following the transaction, Watts directly owns 90,588 shares of common stock, $.10 par value, and 96,827 shares of common stock, $.10 par value (2019 SIP).
- Watts also indirectly owns 2,383 shares through the Watts Family Trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the insurance brokerage industry.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it relates to executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/25/2024 | Date of stock transaction (withholding of shares). |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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