---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-017479"
form_type: "8-K"
ticker: "BRO"
cik: "0000079282"
company_name: "BROWN & BROWN, INC."
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T22:30:31.437707+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-017479
- form_type: 8-K
- ticker: BRO
- cik: 0000079282
- company_name: BROWN & BROWN, INC.
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/79282/000095017024017479/0000950170-24-017479-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/79282/000095017024017479/bro-20240219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-017479
- JSON: https://secwatch.observer/filing/0000950170-24-017479.json
- Plain text: https://secwatch.observer/filing/0000950170-24-017479.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.