Brown & Brown: Executive VP P. Barrett Brown resigns; transition agreement signed
Brown & Brown said its Executive Vice President and former Retail Segment President, P. Barrett Brown, resigned for good reason effective August 10, 2026, and entered a Transition Agreement. He will stay employed through July 31, 2027 to help hand off his work, and he will receive a $1,000,000 annual base salary, bonuses totaling $1,300,000, a $130,000 expense payment and $2,500,000 in severance under the agreement.
Key points
- Resignation effective August 10, 2026; Mr. Brown resigned as an officer and from subsidiary and affiliate positions.
- Transition Period runs from August 10, 2026 through July 31, 2027, with payments tied to transition services and a supplemental release.
- Bonus of $1,300,000 in two $650,000 installments, first payable February 2027 and second within 30 days after the Transition Period.
- Severance of $2,500,000 payable in August 2027 and August 2028, plus a one-year non-compete and a $130,000 lump sum for expenses.
The filing
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 August 10, 2026.
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