Short answer
Brown & Brown (BRO) filed an 8-K current report with the SEC on March 4, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CEO J. Powell Brown target cash incentive $5.5M; CFO Watts and Walker each $1.4M; Penny $1.1M: range 0%–200% of target.
Brown & Brown 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO J. Powell Brown target cash incentive $5.5M; CFO Watts and Walker each $1.4M; Penny $1.1M: range 0%–200% of target
- Cash incentive split: 40% organic revenue growth, 40% adjusted EBITDAC margin, 20% personal objectives
- PSA equity grants (5-yr performance): Brown $10M, Watts $5M, Penny $2.5M; max payout 805% of grant value
- Walker receives $1.5M in PSUs (vs. PSA shares) with max payout 299%; vesting 2031–2033, settled in stock
- All equity grants measured vs. S&P 500 median TSR and internal EPS/share price CAGR targets: strong pay-for-performance alignment
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other Brown & Brown 8-K filings
Get the next BRO 8-K as it lands
Follow BRO for push alerts, or ask the research agent what this filing means.