Brown & Brown said its board compensation committee approved a 2026 annual cash incentive plan for certain executive officers, with payouts based 40% on organic revenue growth, 40% on adjusted EBITDAC margin, and 20% on personal objectives, with each component ranging from 0% to 200% of target. Target 2026 cash incentives for named executive officers are $5.5 million for J. Powell Brown, $1.4 million for R. Andrew Watts, $1.1 million for J. Scott Penny, and $1.4 million for Chris L. Walker. The company also approved performance-based equity awards effective March 3, 2026, including performance restricted stock for J. Powell Brown ($10.0 million), Watts ($5.0 million) and Penny ($2.5 million), and performance stock units for Walker ($1.5 million). The awards are tied to five-year share-price and EPS growth targets and relative total share price return versus the S&P 500 median, with maximum payouts of 805% for the performance stock awards and 299% for Walker’s PSUs, and multi-year vesting schedules beginning in 2031 for PSUs and 2032 for the performance stock awards.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Brown & Brown Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-091840), on March 04, 2026, and is solely responsible for the information contained therein.
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