Form 4: Brown & Brown Executive R. Andrew Watts Reports Share Transactions

R. Andrew Watts, EVP, CFO and Treasurer of Brown & Brown, Inc., reported the acquisition and disposal of company shares, including those held in a family trust and through the employee stock purchase plan.

Summary

• R. Andrew Watts, the EVP, CFO and Treasurer of Brown & Brown, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On December 13, 2024, Mr. Watts disposed of 2,017 shares of common stock at $0 price and acquired 345 shares at $0 price through the Watts Family Trust.
• He also holds 96,827 shares granted under the 2019 Stock Incentive Plan, which have voting rights and dividend entitlement but are subject to service-based vesting conditions.
• Additionally, 357 shares were acquired through the Employee Stock Purchase Plan in July 2024, with the number of shares subject to change due to dividend reinvestment.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no indication of positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider trading.
• The transactions reported are typical for executives who receive stock-based compensation and participate in employee stock purchase plans.
• Similar filings are made by executives at comparable companies such as Marsh & McLennan Companies and Aon.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are routine and do not indicate a significant change in the company's financial position.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Brown & Brown, Executive Compensation, Employee Stock Purchase Plan, Stock Incentive Plan, R. Andrew Watts