Form 4: Brown & Brown Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
P. Barrett Brown, EVP and President of Retail Segment at Brown & Brown, Inc., reports changes in beneficial ownership of company stock.
Summary
- On December 31, 2024, P. Barrett Brown reported changes in his beneficial ownership of Brown & Brown, Inc. stock.
- The report details transactions and holdings, including shares held directly, indirectly through a charitable trust, and within employee benefit plans.
- Brown directly owns 1,340,732 shares of common stock.
- He also has indirect ownership through the James Hyatt Brown Nongrantor Charitable Lead Annuity Trust (1,954,590 shares), a 401k (10,601 shares), and shares held by children (2,324 shares).
- Additionally, Brown holds 71,611 shares granted under the 2019 Stock Incentive Plan (2019 SIP) that are subject to vesting conditions.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership stake of a key executive.
Key Dates
| Date | Description |
|---|---|
| 12/31/2023 | Date for 401k share information from plan record keeper. |
| July 2024 | 357 shares acquired through the Company's Employee Stock Purchase Plan. |
| 12/31/2024 | Date of the reported transaction. |
| 01/02/2025 | Date of signature on the Form 4. |
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