BROWN & BROWN INC
For the period ended Mar 31, 2025. Filed Apr 28, 2025.
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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.
Mar 31, 2025 · Filed Apr 28, 2025
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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 March 31, 2025:
| 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) | |
|---|---|---|---|---|
| January 1, 2025 to January 31, 2025 | 19,993 | $105.55 | — | $249 |
| February 1, 2025 to February 28, 2025 | 345,299 | 111.65 | — | 249 |
| March 1, 2025 to March 31, 2025 | 104 | 118.20 | — | 249 |
| Total | 365,396 | $111.32 | — | $249 |
(1)
All shares reported in this column are attributable to shares withheld for taxes in connection with vesting of restricted stock awards under our 2019 Stock Incentive Plan.
(2)
On July 18, 2014, the Board of Directors authorized the repurchase of up to $200 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 million of the Company's shares of common stock. On May 1, 2019, the Board of Directors approved an additional repurchase authorization amount of $373 million to bring the total available share repurchase authorization to approximately $500 million. After completing these open market repurchases, the Company’s outstanding Board approved share repurchase authorization is approximately $250 million. Between January 1, 2014 and March 31, 2025, 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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