---
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"
generated_at: "2026-05-26T05:16:47.378019+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Brown & Brown appoints Stephen P. Hearn as COO effective March 3, 2025; discloses 2025 executive compensation targets.

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-026811
- JSON: https://secwatch.observer/filing/0000950170-25-026811.json
- Plain text: https://secwatch.observer/filing/0000950170-25-026811.txt

## Key facts
- Executive change
  Stephen P. Hearn was appointed as Executive Vice President and Chief Operating Officer at BROWN & BROWN, INC..
  - Action: appointed
  - Role: Executive Vice President and Chief Operating Officer
  source text: Mr. Hearn will become the Company's Executive Vice President and Chief Operating Officer, effective March 3, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/79282/000095017025026811/0000950170-25-026811-index.htm

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