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AI brief of an SEC Form 8-K · Brown & Brown (BRO)

Brown & Brown sets 2026 cash incentives and grants performance stock to executives

Neutral Impact 2 of 5 leadership Written later

Brown & Brown's Compensation Committee adopted a 2026 annual cash incentive plan for certain executive officers and approved performance-based stock awards on March 3, 2026. The awards tie executive pay to organic revenue growth, adjusted EBITDAC margin, five-year share price and earnings per share targets, which aligns payouts with long-term results shareholders would track.

Key points

  • Target 2026 cash incentives: J. Powell Brown $5,500,000; R. Andrew Watts $1,400,000; Chris L. Walker $1,400,000; J. Scott Penny $1,100,000
  • Performance stock awards granted March 3, 2026: J. Powell Brown $10,000,000; R. Andrew Watts $5,000,000; J. Scott Penny $2,500,000
  • Chris L. Walker received a performance stock unit grant valued at $1,500,000, with payouts measured over five years beginning January 1, 2026

The filing

CompanyBrown & Brown (BRO)
Form8-K, current report
Filed with the SECMar 4, 2026, 5:11 PM ET
Accession number0001193125-26-091840

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 04, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.