Form 4: Brown & Brown Executive Julie Turpin Reports Stock Transactions

Julie Turpin, EVP/Chief People Officer at Brown & Brown, Inc., reports the withholding of shares to cover income tax obligations related to stock vesting and shares acquired through the Employee Stock Purchase Plan.

Summary

• On February 25, 2024, Julie Turpin, EVP/Chief People Officer of Brown & Brown, Inc., reported transactions involving the company's common stock.
• 2,071 shares were withheld by the company to cover income tax withholding requirements associated with the vesting of 7,114 shares of stock under the 2010 Stock Incentive Plan.
• Turpin directly owns 26,947 shares of common stock, including 395 shares acquired through the Employee Stock Purchase Plan in July 2023.
• She also holds 43,995 shares granted under the 2019 Stock Incentive Plan, which are subject to service-based vesting conditions.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the transactions described are typical for corporate insiders. Therefore, the sentiment is neutral.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions in the company.

Stakeholder Impact

• The transactions reported have a minimal direct impact on stakeholders, as they primarily reflect internal stock management by an executive.

Key Dates