Chris L. Walker - 01 Jan 2022 Form 4 Insider Report for BROWN & BROWN, INC. (BRO)

Role: EVP and Pres. Programs Segment
Signature: /s/ Anthony M. Robinson, on behalf of Chris L. Walker, per Power of Attorney
Issuer symbol: BRO
Transactions as of: 01 Jan 2022
Net transactions value: $0
Form type: 4
Filing time: 03 Jan 2022, 16:01:56 UTC
Next filing: 22 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRO	Common Stock, $10 par value (2019 SIP)	Award	$0	+28,457	+539%	$0.000000	33,739	01 Jan 2022	Direct	F1, F2
holding	BRO	Common Stock, $.10 par value (2010 SIP)						68,714	01 Jan 2022	Direct	F3
holding	BRO	Common Stock, $.10 par value						95,659	01 Jan 2022	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These restricted stock units were granted pursuant to the Company's 2019 Stock Incentive Plan ("2019 SIP").
F2	These securities were granted pursuant to the 2019 SIP. With respect to securities that are restricted stock awards, 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. With respect to securities that are restricted stock units, the Reporting Person has dividend equivalent entitlement, but shares will not be delivered until the satisfaction of service-based conditions or the Reporting Person's qualified retirement.
F3	These securities were granted pursuant to the Company's 2010 Stock Incentive Plan ("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.
F4	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.