Form 4: Brown & Brown EVP Julie Turpin Reports Stock Transaction

Julie Turpin, EVP/Chief People Officer of Brown & Brown, Inc., reports the withholding of shares to cover income tax obligations related to the vesting of stock under the company's 2019 Stock Incentive Plan.

Summary

• On May 5, 2025, Julie Turpin, EVP/Chief People Officer of Brown & Brown, Inc., reported a transaction involving the company's common stock.
• 2,226 shares were withheld by the company to cover income tax withholding requirements associated with the vesting of 5,656 shares of stock under the 2019 Stock Incentive Plan.
• Following the transaction, Turpin directly owns 30,320 shares of common stock and 42,155 shares under the 2019 SIP.
• 357 shares were acquired through the Company's Employee Stock Purchase Plan in July 2024.
• The reported price for the transaction is $110.57 per share.

Sentiment

Score: 6

Explanation: The document reflects a neutral sentiment as it primarily reports a routine stock transaction related to executive compensation and tax obligations. There are no explicit positive or negative implications for the company's performance.

Positives

• The vesting of shares under the 2019 Stock Incentive Plan suggests continued employee compensation and retention efforts.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates normal compensation practices and tax obligations.

Comparison to Industry Standards

• Stock-based compensation is a common practice in publicly traded companies like Brown & Brown, Inc. to align employee incentives with shareholder value.
• Companies such as Marsh & McLennan Companies and Aon also utilize stock incentive plans as part of their compensation packages.
• The number of shares and vesting schedules are generally comparable to industry standards for executive compensation.

Stakeholder Impact

• Shareholders may view the vesting of shares as a positive sign of employee retention and alignment with company goals.
• Employees receiving stock options or grants benefit from the potential increase in the value of the company's shares.

Key Dates

Keywords

Form 4, Stock Incentive Plan, Employee Stock Purchase Plan, Beneficial Ownership, Brown & Brown, Turpin, Stock