Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholders Matters.

Equity Compensation Plan Information

The following table sets forth information as of December 31, 2022, with respect to compensation plans under which the Company’s equity securities are authorized for issuance:

(1)

All of the shares available for future issuance under the Brown & Brown, Inc. 2019 Stock Incentive Plan may be issued in connection with options, warrants, rights, restricted stock, restricted stock units or other stock-based awards.

(2)

The number of securities remaining available of 6,088,438 has been reduced by 1,198,548 to reflect the maximum shares potentially distributed subject to the level of performance obtained for outstanding performance-based grants which may be increased up to 200% of the target or decreased to zero.

The other information required by this item is incorporated herein by reference to the 2023 Proxy Statement under the heading “Security Ownership of Management and Certain Beneficial Owners.”