BROWN & BROWN INC
For the period ended Jun 30, 2024. Filed Jul 22, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 22, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
The following table provides information about our repurchase of shares of our common stock during the three months ended June 30, 2024:
| Total numberof sharespurchased (1) | Average pricepaid per share | Total number ofshares purchasedas part of publiclyannounced plansor programs | Maximum value of sharesthat may yet bepurchasedunder the plansor programs (2)(3) | |
|---|---|---|---|---|
| April 1, 2024 to April 30, 2024 | 2,189 | $81.50 | — | $249 |
| May 1, 2024 to May 31, 2024 | 206 | 83.50 | — | 249 |
| June 1, 2024 to June 30, 2024 | — | — | — | 249 |
| Total | 2,395 | $81.67 | — | $249 |
(1)
All shares reported in this column are attributable to shares withheld for taxes in connection with vesting of restricted shares awarded under our 2010 Stock Incentive Plan and 2019 Stock Incentive Plan.
(2)
On July 18, 2014, the Board of Directors authorized the repurchase of up to $200.0 million of the Company's shares of common stock, and on July 20, 2015, the Board of Directors authorized the repurchase of an additional $400.0 million of the Company's shares of common stock. On May 1, 2019, the Board of Directors approved an additional repurchase authorization amount of $372.5 million to bring the total available share repurchase authorization to approximately $500.0 million. After completing these open market repurchases, the Company’s outstanding Board approved share repurchase authorization is approximately $249.5 million. Between January 1, 2014 and June 30, 2024, the Company repurchased a total of approximately 20 million shares for an aggregate cost of approximately $748 million.
(3)
Dollar values stated in millions.
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