BROWN & BROWN, INC.

Insurance Agents, Brokers & Service·DAYTONA BEACH, FL·FY end 01/19·CIK 79282

Named Executive Officers

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
J. Powell BrownChief Executive Officer and President	$1.3M	$3.0M	—	$4.0M	$384.3K	$8.6M
R. Andrew WattsChief Financial Officer Executive Vice President and Treasurer	$800.0K	$1.3M	—	$1.6M	$96.0K	$3.7M
P. Barrett BrownExecutive Vice President	$1.0M	$690.3K	—	$1.7M	$56.8K	$3.5M
Chris L. WalkerExecutive Vice President and Chairman – Specialty Distribution Segment	$900.0K	$887.6K	—	$1.5M	$70.4K	$3.4M

J. Powell Brown · FY 2025

Stock awards$3.0M34%

Performance bonus$4.0M47%

Salary$1.3M14%

Other$384.3K4%

TSR % vs. CEO comp actually paid · 6 fiscal years · Item 402(v) disclosure

TSR

CEO comp

FY20

+21%

$15M

FY21

+49%

$33M

FY22

+22%

$-5M

FY23

+53%

$24M

FY24

+121%

$39M

FY25

+74%

$-6M

CEO total compMedian employeePay ratio (right axis)