Brown & Brown EVP P. Barrett Brown resigns, stays through July 2027 for transition

BROWN & BROWN, INC.

P. Barrett Brown, EVP and former Retail Segment President, resigned for good reason effective Aug 10, 2026.
He continues employment through July 31, 2027 for transition services; retains $1M base salary.
Eligible for $1.3M bonus in two $650k installments (Feb 2027 and after transition) plus $130k expense lump sum.
Severance of $2.5M payable in Aug 2027 and Aug 2028; one-year non-compete and release of claims.

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