Watts R. Andrew
300 N. BEACH STREET
DAYTONA BEACH FL 32114
BROWN & BROWN, INC. [ BRO ] 5. Relationship of Reporting Person(s) to Issuer
EVP, CFO and Treasurer
Common Stock, $.10 par value (2010 SIP) 02/21/2022 A 30,498(1) A $0.00 105,911(2) D
Common Stock, $10 par value (2019 SIP) 02/21/2022 A 2,645 A $0.00 39,310(3) D
Common Stock, $.10 par value 116,905(4) D
Common Stock, $.10 par value 856 I By Watts Family Trust
1. These securities were granted pursuant to the Company's 2010 Stock Incentive Plan ("2010 SIP"). The initial grant was made on February 25, 2019, but was subject to the satisfaction of performance-based conditions established in connection with this grant. On February 21, 2022, the Company confirmed the satisfaction of the performance-based conditions established in connection with this grant, and the Reporting Person has voting rights and dividend entitlement with respect to these shares, but full ownership will not vest until the satisfaction of additional service-based conditions.
2. These securities were granted pursuant to the Company's 2010 SIP. The Reporting Person has voting rights and dividend entitlement with respect to these shares, but full ownership will not vest until the satisfaction of service-based conditions.
3. These securities were granted pursuant to the Company's 2019 Stock Incentive Plan ("2019 SIP"). The Reporting Person has voting rights and dividend entitlement with respect to these shares, but full ownership will not vest until the satisfaction of service-based conditions.
4. A total of 549 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2021. Number of shares may vary due to dividend reinvestment.
/s/ R. Andrew Watts 02/22/2022