Brown & Brown (BRO) chairman details large insider share transfer

Rhea-AI Filing Summary

Brown & Brown, Inc. chairman and director J. Hyatt Brown, a 10% owner, reported an insider transaction dated 12/31/2025. The Form 4 shows a transaction coded "G" (a gift or similar transfer) of 127,034 shares of common stock at a stated price of $0.00, moving shares into a charitable lead annuity trust.

Following this transaction, the trust holds 1,827,556 shares indirectly for his benefit, with his spouse and three children serving as trustees and his children as remainder beneficiaries. Separately, Brown indirectly owns 35,997,546 shares through Ormond Riverside, Limited Partnership, whose general partner is fully controlled by a revocable trust he created, giving him sole voting and investment power over those shares.

Insider Trade Summary

127,034 shares gifted

Mixed 2 txns

Insider BROWN HYATT J

Role Chairman

Type	Security	Shares	Price	Value
Gift	Common Stock, $.10 par value	127,034	$0.00	--
holding	Common Stock, $.10 par value	--	--	--

Holdings After Transaction: Common Stock, $.10 par value — 1,827,556 shares (Indirect, Charitable Lead Annuity Trust)

Footnotes (1)

1. These shares are held by the James Hyatt Brown Nongrantor Charitable Lead Annuity Trust, of which the Reporting Person's spouse and three children are the trustees and of which his three children are the remainder beneficiaries. These shares are held by Ormond Riverside, Limited Partnership (the "Limited Partnership"), of which Swakopmund, Inc. is the General Partner that has voting and investment power over such shares. Swakopmund, Inc. is 100% owned by the Swakopmund Trust of 2009, a revocable trust created by the Reporting Person, who is the sole turstee thereof and retains the sole voting and investment powers with respect to all the shares of Swakopmund, Inc.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BROWN HYATT J

(Last) (First) (Middle)

300 N. BEACH STREET

(Street)

DAYTONA BEACH FL 32114

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BROWN & BROWN, INC. [ BRO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $.10 par value	12/31/2025		G		127,034	D	$0.00	1,827,556(1)	I	Charitable Lead Annuity Trust
Common Stock, $.10 par value								35,997,546	I	Limited Partnership(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares are held by the James Hyatt Brown Nongrantor Charitable Lead Annuity Trust, of which the Reporting Person's spouse and three children are the trustees and of which his three children are the remainder beneficiaries.

2. These shares are held by Ormond Riverside, Limited Partnership (the "Limited Partnership"), of which Swakopmund, Inc. is the General Partner that has voting and investment power over such shares. Swakopmund, Inc. is 100% owned by the Swakopmund Trust of 2009, a revocable trust created by the Reporting Person, who is the sole turstee thereof and retains the sole voting and investment powers with respect to all the shares of Swakopmund, Inc.

	/s/ J. Hyatt Brown	12/31/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Brown & Brown (BRO) report on this Form 4?

The Form 4 reports that J. Hyatt Brown entered into a transaction coded "G" on 12/31/2025, indicating a gift or similar transfer of 127,034 shares of Brown & Brown, Inc. common stock.

How many Brown & Brown (BRO) shares were transferred in the reported transaction?

The filing shows that 127,034 shares of Brown & Brown, Inc. common stock were transferred in the transaction coded "G" on 12/31/2025 at a stated price of $0.00.

What are J. Hyatt Browns roles at Brown & Brown (BRO) according to this filing?

The reporting person, J. Hyatt Brown, is identified as a Director, a 10% Owner, and an Officer with the title Chairman of Brown & Brown, Inc.

How many Brown & Brown (BRO) shares are held in the charitable lead annuity trust?

After the reported transaction, the charitable lead annuity trust holds 1,827,556 shares of Brown & Brown, Inc. common stock, reported as indirectly owned by J. Hyatt Brown.

How many Brown & Brown (BRO) shares are held through Ormond Riverside, Limited Partnership?

The filing states that 35,997,546 shares of Brown & Brown, Inc. common stock are held indirectly through Ormond Riverside, Limited Partnership, whose general partner and controlling trust are ultimately controlled by J. Hyatt Brown.

Who controls voting and investment power over the Ormond Riverside, Limited Partnership shares of Brown & Brown (BRO)?

The Ormond Riverside, Limited Partnership shares are overseen by its general partner, Swakopmund, Inc., which is 100% owned by the Swakopmund Trust of 2009, a revocable trust created by J. Hyatt Brown. He is the sole trustee and retains sole voting and investment powers over all shares of Swakopmund, Inc.

Who benefits from the charitable lead annuity trust holding Brown & Brown (BRO) shares?

The charitable lead annuity trust holding 1,827,556 shares names J. Hyatt Browns spouse and three children as trustees, and his three children as the remainder beneficiaries.