BRO

#517
Brown & Brown, Inc. Common Stock
72.7 1 USD
+0.01%
Market Price
Settore: Finanziario
Base: USD
Valuta di Profitto: USD
Intervallo Giornaliero
72.58
72.92
Intervallo Annuale
53.81
96.55
Variazione giornaliera
+0.86%
Variazione Mensile
+1.81%
Variazione di 6 mesi
+1.98%
Variazione Annuale
-23.51%
Chiusura Precedente
72.0 9
Open
72.6 3
Minimo
72.5 8
Massimo
72.9 2
Volume
162
Apri il grafico completo

Financials

Panoramica Estratto Conto Statistiche Dividendi Documents

2026

Current report, Q3 FY2026
BROWN & BROWN, INC. current report, Q3 FY2026
8-K
Current report, Q3 FY2026
BROWN & BROWN, INC. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
BROWN & BROWN, INC. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
BROWN & BROWN, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
BROWN & BROWN, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
BROWN & BROWN, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
BROWN & BROWN, INC. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
BROWN & BROWN, INC. quarterly report, Q1 FY2026
10-Q
Current report, Q1 FY2026
BROWN & BROWN, INC. current report, Q1 FY2026
8-K
Current report, Q1 FY2026
BROWN & BROWN, INC. current report, Q1 FY2026
8-K

BROWN & BROWN, INC. current report, Q1 FY2025

Full document

Business Context and Reporting Period

This Form 8-K Current Report was filed by Brown & Brown, Inc. on February 23, 2025. The filing discloses significant corporate governance changes, specifically the appointment of a new Chief Operating Officer and the adoption of the 2025 annual cash incentive plan for executive officers.

Key Financial Metrics and Compensation

The filing does not report operational financial metrics such as revenue, profit, cash flow, or debt levels. Instead, it details specific compensation figures for executive appointments and incentive plans:

  • Stephen P. Hearn (New COO):
    • Annual Salary: £588,800.
    • 2025 Target Cash Incentive: £1,213,000 (pro-rated).
    • 2025 Long-Term Equity Grant: £1,213,000 (subject to approval and vesting conditions).
    • 2026 Expected Long-Term Equity Grant: £646,000.
  • 2025 Named Executive Officer Target Cash Incentives:
    • J. Powell Brown: $3,750,000.
    • P. Barrett Brown: $1,800,000.
    • Chris L. Walker: $1,400,000.
    • R. Andrew Watts: $1,000,000.
    • J. Scott Penny: $1,000,000.

Material Changes

The primary material change reported is the leadership transition effective March 3, 2025:

  • Appointment: Stephen P. Hearn has been appointed as Executive Vice President and Chief Operating Officer.
  • Board Resignation: Mr. Hearn resigned from the Board of Directors effective February 23, 2025, to assume the executive role.
  • Compensation Structure: The company has formalized the 2025 annual cash incentive plan, linking 80% of payouts to organic revenue growth and adjusted EBITDAC margin performance.

Guidance, Outlook, and Risks

The filing does not provide financial guidance, revenue outlook, or general risk factors. However, it outlines specific conditions affecting executive compensation:

  • Performance Targets: Executive cash incentives are contingent on achieving organic revenue growth and adjusted EBITDAC margin targets. Payouts range from 0% to 200% of the target amount.
  • Equity Vesting: Long-term equity grants for Mr. Hearn are subject to a five-year vesting schedule and performance targets applicable to 75% of the grants.
  • Contingencies: Mr. Hearn's cash incentive is subject to reduction in the event of unexpectedly poor financial performance or acts of malfeasance.

Investor Verification Checklist

  • Verify the final approval of Mr. Hearn's long-term equity grants by the Compensation Committee before March 31, 2025.
  • Confirm the specific organic revenue growth and adjusted EBITDAC margin targets set for the 2025 fiscal year.
  • Monitor the transition of Mr. Hearn from the Board to the executive suite and his integration into the company's operational strategy.
  • Review the definition of "adjusted EBITDAC margin" in future filings to understand exclusions for unusual items.

Notizie