BROWN & BROWN, INC.
For the period ended Sep 30, 2026. Filed Oct 26, 2026.
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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.
Sep 30, 2026 · Filed Oct 26, 2026
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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 September 30, 2026:
| 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) | |
|---|---|---|---|---|
| July 1, 2026 to July 31, 2026 | 50,483 | $69.35 | — | $900 |
| August 1, 2026 to August 31, 2026 | 1,759,121 | 71.61 | 1,758,756 | 774 |
| September 1, 2026 to September 30, 2026 | 1,872,408 | 66.26 | 1,871,342 | 650 |
| Total | 3,682,012 | $68.86 | 3,630,098 | $650 |
(1)
A total of (a) 51,914 shares reported in this column are attributable to shares withheld for taxes in connection with vesting of restricted stock awards and restricted stock units under our 2019 Stock Incentive Plan, and (b) 3,630,098 shares reported in this column were repurchased at an average price per share of $68.87 for a total cost of $250 million.
(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, 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 and on October 22, 2025, the board of directors approved an additional $1,251 million increase to our existing share repurchase authorization, bringing the total remaining repurchase capacity at that time to approximately $1,500 million. After completing these open market repurchases, the Company’s outstanding board approved share repurchase authorization as of September 30, 2026, was approximately $650 million. Between January 1, 2014 and September 30, 2026, the Company repurchased a total of approximately 32 million shares for an aggregate cost of approximately $1,598 million.
(3)
Dollar values stated in millions.
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