SEC Form 4 · accession 0001379596-17-000002
BROWN & BROWN, INC. · BRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert W Lloyd
Officer — EVP, Secy, General Counsel
Period of report
Feb 24, 2017
Accepted (ET)
Feb 27, 2017 · 8:26 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000079282
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.10 par value (SIP)F1 | Feb 24, 2017 | A | 1,448 | $0.00 | A | 24,699 | D | |
| Common Stock, $.10 par valueF2 | holding | — | — | — | 7,634 | D | ||
| Common Stock, $.10 par value (PSP)F3 | holding | — | — | — | 12,124 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These securities were granted pursuant to the Company's 2010 Stock Incentive Plan ("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.
- F2A total of 855 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2016. Number of shares may vary due to dividend reinvestment.
- F3These securities were granted pursuant to the Company's Performance Stock Plan ("PSP"). Based on the satisfaction of conditions established pursuant to the PSP, the Reporting Person has voting rights and dividend entitlement with respect to these shares based on the satisfaction of certain performance-based criteria, but full ownership will not vest until the satisfaction of additional conditions.