{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-003474","form_type":"8-K","ticker":"BRO","cik":"0000079282","company_name":"BROWN & BROWN, INC.","filed_at":"2023-02-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.099946+00:00","generated_at":"2026-06-19T07:32:19.769840+00:00","sec_items":["5.02"],"event_type":"other","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Brown & Brown sets 2023 cash incentive targets for named executive officers; CEO target $3M","bullets":["2023 cash incentive for NEOs based 40% on organic revenue growth, 40% on adjusted EBITDAC margin, 20% on personal objectives.","CEO J. Powell Brown target $3M; other NEO targets: P. Barrett Brown $1.4M, R. Andrew Watts $850K, J. Scott Penny $900K, Chris L. Walker $1M.","Payout range 0% to 200% of target; Compensation Committee may adjust for unusual items.","Adjusted EBITDAC margin defined as income before taxes less amortization, depreciation, interest, and change in earn-out payables, further adjusted for certain acquisition costs and FX."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-003474","json":"https://secwatch.observer/filing/0000950170-23-003474.json","markdown":"https://secwatch.observer/filing/0000950170-23-003474.md","text":"https://secwatch.observer/filing/0000950170-23-003474.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/79282/000095017023003474/0000950170-23-003474-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/79282/000095017023003474/bro-20230220.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T07:32:19.769840+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}