BROWN & BROWN, INC. (BRO)

Current Report Filed: 2026-05-07

Key Insights

Shareholders approved a significant 6.9 million share increase to the 2019 Stock Incentive Plan with strong support (281.5M votes for vs. 2.4M against), indicating confidence in management's compensation strategy and future equity-based incentives.
The annual meeting achieved a robust 90.27% shareholder attendance rate with all 14 director nominees re-elected, demonstrating strong governance and stakeholder engagement; however, H. Palmer Proctor, Jr. received notably lower support (259.5M votes) compared to other directors.
Advisory vote on executive compensation passed with 85% support (240.8M votes for vs. 42.5M against), though the ~15% opposition suggests some investor concerns regarding compensation levels that warrant monitoring.
High share authorization increase of 6.9 million shares could moderately dilute existing shareholders and signals the company's expectation of significant future equity-based compensation needs, potentially impacting EPS growth.

Insider Trading Filed: 2026-05-06

Key Insights

Director Masojada acquired 2,434 shares of BRO common stock on 05/06/2026 at $0.00 price, likely representing a grant or award rather than a market purchase, increasing direct ownership to 5,109 shares.
The reporting person holds an additional 5,000 shares indirectly through a spouse-owned entity, with a disclaimer of beneficial ownership, indicating total family holdings of approximately 10,109 shares.
The transaction appears to be a non-compensatory acquisition (zero price) rather than open-market buying, suggesting this is an equity compensation event such as a stock grant or restricted stock award.

Insider Trading Filed: 2026-05-06

Key Insights

Timothy R.M. Main, a Director at Brown & Brown, Inc., acquired 2,434 shares of common stock on 05/06/2026 at $0.00 per share, indicating this was likely a dividend reinvestment, stock split, or compensation-related transaction rather than an open market purchase.
Following the transaction, Main's direct beneficial ownership stands at 36,023 shares, representing a modest 7.2% increase in his shareholding position in the company.
The zero-dollar transaction price and the specific share count suggest this acquisition was part of a routine corporate action such as a dividend reinvestment plan (DRIP) or restricted stock vesting rather than a discretionary insider buy signal.

Insider Trading Filed: 2026-05-06

Key Insights

Director Wendell Reilly acquired 2,434 shares of BRO common stock on 05/06/2026 at $0 price, indicating a stock grant or award rather than an open market purchase, which is typical for director compensation.
Reilly's total beneficial ownership increased to 42,731 shares directly owned, plus 195,354 shares held indirectly through Grapevine Partners LLC, demonstrating substantial equity stake of approximately 238,085 shares in the company.
The transaction appears to be a non-compensatory grant (zero price) rather than insider buying, which provides neutral signal—this is routine director equity compensation rather than a vote of confidence through personal investment.

Insider Trading Filed: 2026-05-06

Key Insights

Director James S. Hunt acquired 2,434 shares of BRO common stock on 05/06/2026 at $0 price, indicating a grant or equity compensation rather than open market purchase.
Hunt's beneficial ownership increased to 27,109 shares following this transaction, suggesting continued alignment with shareholder interests through direct stock ownership.
The transaction appears to be part of a standard equity compensation plan (likely stock grant or restricted stock award) given the zero exercise price and the filing of a 10b5-1 plan checkbox, representing routine insider compensation rather than discretionary buying activity.

Insider Trading Filed: 2026-05-06

Key Insights

Director Joia M. Johnson acquired 2,434 shares of common stock at $0.00 price on 05/06/2026, indicating this was likely a non-cash transaction such as a restricted stock grant or dividend reinvestment rather than an open market purchase.
The acquisition resulted in Johnson directly owning 2,434 shares following the transaction, representing a modest position that suggests this may be part of regular director compensation or equity grant vesting.
As a director-level insider, this transaction shows continued equity alignment with the company, though the nominal transaction price and small share count indicate routine compensation rather than significant conviction buying.

Insider Trading Filed: 2026-05-06

Key Insights

Director Lawrence L. Gellerstedt III acquired 2,434 shares of BRO common stock at $0.00 price on 05/06/2026, indicating this was likely a grant, dividend reinvestment, or compensation-related transaction rather than a market purchase.
Post-transaction beneficial ownership stands at 23,241 shares held directly, suggesting a modest insider stake relative to typical director positions at insurance brokers of BRO's scale.
The zero-dollar acquisition price combined with the director's position indicates this transaction was part of equity compensation or an employee/director benefit plan rather than open market activity, limiting insights into insider confidence in stock valuation.

Insider Trading Filed: 2026-05-06

Key Insights

Director Kathleen A. Savio acquired 2,434 shares of BRO common stock at $0.00 price on 05/06/2026, likely indicating a stock dividend, restricted stock award, or similar non-cash compensation rather than open market purchase.
Following this transaction, Savio's total beneficial ownership increased to 5,109 shares held directly, suggesting a modest stake and continued alignment with shareholder interests through equity compensation.
The zero-dollar acquisition price and form structure indicate this is a routine equity grant to a director rather than a discretionary insider buy signal, providing limited insight into management's confidence in the stock's valuation.

Insider Trading Filed: 2026-05-06

Key Insights

Director Theodore J. Hoepner acquired 2,434 shares of BRO common stock on 05/06/2026 at $0.00, indicating a grant or award rather than open market purchase, which is typical for director compensation.
Hoepner's direct beneficial ownership stands at 72,185 shares following the transaction, with an additional 50,000 shares held indirectly through two irrevocable family trusts for his children and their descendants.
The filing shows no derivative securities activity and the transaction appears to be routine director compensation rather than a significant insider buying signal, limiting implications for stock momentum.

Insider Trading Filed: 2026-05-06

Key Insights

Director Jaymin B. Patel acquired 2,434 shares of BRO common stock on 05/06/2026 at $0 per share, indicating a non-cash transaction such as a grant, dividend reinvestment, or equity compensation rather than open market purchase.
Following this transaction, Patel's total beneficial ownership increased to 6,957 shares held in direct form, suggesting continued accumulation of company equity by a board member.
The zero-price acquisition and grant structure is typical for insider equity compensation or restricted stock awards, which does not indicate market confidence regarding valuation but rather reflects standard director compensation practices.

Insider Trading Filed: 2026-05-06

Key Insights

Director Toni Jennings acquired 2,434 shares of BRO common stock on 05/06/2026 at $0 price, indicating this was likely a grant or bonus rather than an open-market purchase, suggesting company incentive compensation activity.
Post-transaction beneficial ownership increased to 57,859 shares held directly, representing a meaningful stake that demonstrates the director's significant financial alignment with the company.
The $0 acquisition price and grant nature of the transaction are typical for equity compensation programs, which generally signal confidence in company direction and are viewed positively by long-term shareholders.

Insider Trading Filed: 2026-05-06

Key Insights

Director Proctor H Palmer Jr. purchased 2,000 shares at $57.10 on 05/05/2026, increasing his direct beneficial ownership to 47,621 shares, demonstrating insider confidence in BRO at current valuation levels.
An additional 2,434 shares were acquired on 05/06/2026 at $0 price (likely a stock award or dividend reinvestment), bringing total beneficial ownership to 50,055 shares, indicating continued accumulation by company leadership.
The filing shows no derivative securities activity, suggesting Palmer's recent transactions are straightforward equity purchases rather than option exercises or hedging strategies, which is a cleaner signal of conviction.

Insider Trading Filed: 2026-05-06

Key Insights

Director Paul J. Krump acquired 2,434 shares of BRO common stock on 05/06/2026 at $0 price, indicating a non-cash transaction such as a stock grant, dividend reinvestment, or restricted stock vesting rather than an open market purchase.
Following this transaction, Krump's total beneficial ownership increased to 7,787 shares held directly, suggesting continued confidence in the company or fulfillment of equity compensation arrangements for board members.
The transaction involves no derivative securities activity, indicating straightforward common stock activity without options or warrant exercises, which is typical for routine director compensation arrangements.

Quarterly Report Filed: 2026-04-27

Key Insights

The filing indicates Q1 2026 results for an insurance broker with multiple operating segments (Retail and Specialty Distribution), suggesting ongoing diversified revenue streams across commission, contingent commission, and fee-based revenues.
Significant debt structure with multiple senior notes outstanding (ranging from 4.2% to 6.25% rates maturing between 2026-2055) and revolving credit facilities indicate the company has substantial leverage, requiring careful monitoring of debt service capacity.
The filing references a pending merger agreement with RSC Topco Inc. (effective August 1, 2025 through Q1 2026), representing a material strategic transaction that could significantly impact future operations, ownership structure, and financial performance.
Multiple accelerated share repurchase agreements and ongoing dividend payments (Q1 and Q2 2026 dividends noted) demonstrate capital return commitments despite merger proceedings, suggesting management confidence in financial stability.

Current Report Filed: 2026-04-27

Key Insights

Brown & Brown announced Q1 2026 financial results on April 27, 2026, indicating operational performance disclosure to the market and investors.
The 8-K filing is a routine earnings announcement with no material agreements, leadership changes, or extraordinary events reported.
The filing was signed by R. Andrew Watts, Executive Vice President and CFO, confirming appropriate authorization and financial oversight responsibility.
All disclosure boxes were unchecked, indicating this is not related to significant corporate transactions, securities offerings, or control changes.

Current Report Filed: 2026-04-09

Key Insights

Brown & Brown, Inc. issued its annual Global Impact Report, providing insights into the company's sustainability and ESG initiatives.
The report covers Brown & Brown's progress on key environmental, social, and governance metrics, which may be of interest to socially conscious investors.
Investors should review the report to understand how the company is addressing various sustainability and responsibility factors, which could impact its long-term performance and reputation.

Current Report Filed: 2026-03-04

Key Insights

Brown & Brown, Inc. has adopted an annual cash incentive program for 2026 that ties executive compensation to organic revenue growth, adjusted EBITDAC margin, and personal objectives.
The company has granted performance-based restricted stock awards (PSA Shares) to certain named executive officers, with vesting tied to share price and earnings growth targets over a 5-year period.
Brown & Brown has also granted performance-based restricted stock units (PSUs) to one of its named executive officers, with similar vesting conditions to the PSA Shares.

Insider Trading Filed: 2026-03-02

Key Insights

The reporting person, Paul M. Gallagher, is the VP, Controller & CAO of Brown & Brown, Inc., indicating he holds a senior executive position at the company.
Gallagher acquired 1,070 shares of Brown & Brown's common stock under the company's 2019 Stock Incentive Plan, which suggests he is participating in the company's equity compensation programs.
Gallagher also holds 447 shares of Brown & Brown's common stock directly, which he has been accumulating through the company's Teammate Stock Purchase Plan, indicating his commitment to the company.

Insider Trading Filed: 2026-03-02

Key Insights

The reporting person, Chris L. Walker, an EVP and Chair of the Special Distribution Segment at Brown & Brown, Inc., acquired a total of 15,145 shares of the company's common stock through restricted stock awards and units under the 2019 Stock Incentive Plan.
The reporting person's total beneficial ownership in the company's common stock increased to 227,406 shares, including 163,120 shares acquired through the company's Teammate Stock Purchase Plan.
The reporting person's acquisition of the shares was pursuant to pre-existing performance-based and service-based vesting conditions, indicating continued alignment between the reporting person's interests and those of the company's shareholders.

Insider Trading Filed: 2026-03-02

Key Insights

The reporting person, Jerome Scott Penny, acquired a significant number of shares (15,680) under the company's 2019 Stock Incentive Plan, indicating potential confidence in the company's long-term performance.
Penny also owns a substantial number of shares (357,056) jointly with his spouse, suggesting a strong personal investment in the company.
The reporting also owns additional shares through the company's Teammate Stock Purchase Plan and 401(k) plan, further demonstrating his commitment to the company.

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Important Information