BROWN & BROWN, INC. (BRO) Form 8-K — Aug 10, 2026
Brown & Brown disclosed in an 8-K (Item 5.02) that P. Barrett Brown, Executive Vice President and previous President of the Retail Segment and a named executive officer, entered into a Transition Agreement covering his voluntary resignation for good reason, effective August 10, 2026. Under the agreement, Mr. Brown remains employed through July 31, 2027 to provide transition services requested by the CEO, continuing his $1,000,000 annual base salary and remaining eligible for a $1,300,000 total bonus paid in two $650,000 installments tied to continued employment and a supplemental release of claims.
Key figures
- Severance pay
- 2500000
- Non compete duration
- one year
- Transition period end
- July 31, 2027
- Transition bonus total
- 1300000
- Lump sum expense payment
- 130000
- Resignation effective date
- August 10, 2026
- Transition bonus installment
- 650000
- Base salary during transition
- 1000000
Price after filing
Close on the filing date to close N calendar days later (from $71.60). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.