Brown & Brown adopts 2024 cash incentive plan for NEOs; targets disclosed

BROWN & BROWN, INC.

Target cash incentives: J. Powell Brown $3.75M, P. Barrett Brown $1.8M, R. Andrew Watts $1.0M, J. Scott Penny $1.0M, Chris L. Walker $1.4M.
Payout based 40% on organic revenue growth, 40% on adjusted EBITDAC margin, 20% on personal objectives.
Payout range per component: 0% to 200% of target cash incentive amount.
Compensation Committee may adjust results to exclude unusual or infrequent items.

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