{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-026811","form_type":"8-K","ticker":"BRO","cik":"0000079282","company_name":"BROWN & BROWN, INC.","filed_at":"2025-02-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.359949+00:00","generated_at":"2026-05-26T05:16:47.378019+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Brown & Brown appoints Stephen P. Hearn as COO effective March 3, 2025; discloses 2025 executive compensation targets.","bullets":["Stephen P. Hearn appointed EVP & COO effective March 3, 2025; resigned from board Feb 23, 2025.","Hearn receives £588,800 annual salary, £1,213,000 2025 target cash incentive, and equity grants.","Hearn previously CEO of Ardonagh Capital Solutions and Inver Re; insurance career since 1989.","Compensation Committee set 2025 cash incentive targets: CEO J. Powell Brown $3.75M; other NEOs $1.0-1.8M.","Incentive formula: 40% organic revenue growth, 40% adjusted EBITDAC margin, 20% personal objectives; payout 0-200% of target."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-026811","json":"https://secwatch.observer/filing/0000950170-25-026811.json","markdown":"https://secwatch.observer/filing/0000950170-25-026811.md","text":"https://secwatch.observer/filing/0000950170-25-026811.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/79282/000095017025026811/0000950170-25-026811-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/79282/000095017025026811/bro-20250223.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T05:16:47.378019+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":[{"claim_id":"d56a133b10","claim":"Stephen P. Hearn was appointed as Executive Vice President and Chief Operating Officer at BROWN & BROWN, INC..","evidence_excerpt":"Mr. Hearn will become the Company's Executive Vice President and Chief Operating Officer, effective March 3, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/79282/000095017025026811/0000950170-25-026811-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive Vice President and Chief Operating Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}