secwatch.observer — SEC 8-K summary
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Issuer:     BROWN & BROWN, INC. (BRO)
CIK:        0000079282
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0000950170-24-017479
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/79282/000095017024017479/0000950170-24-017479-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/79282/000095017024017479/bro-20240219.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-017479

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer