R. Andrew Watts compensation by year
BROWN & BROWN Summary Compensation Table · all 10 fiscal years held| Component | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Salary | $500,000 | $500,000 | $500,000 | $500,000 | $618,461 | $600,000 | $600,000 | $648,077 | $794,231 | $800,000 |
| Bonus | $0 | $0 | $0 | $43,000 | $0 | $300,000 | $60,000 | — | $0 | $750,000 |
| Stock awards | $499,985 | $484,120 | $582,991 | $583,833 | $687,830 | $832,964 | $2,689,057 | $980,620 | $1,279,571 | $1,282,054 |
| Option awards | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | $0 | $0 |
| Non-equity incentive | $516,000 | $829,000 | $537,000 | $782,000 | $1,020,000 | $1,393,000 | $981,000 | $1,559,000 | $1,903,000 | $813,000 |
| Pension and deferred compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | $0 | $0 |
| All other | $148,784 | $44,673 | $51,217 | $62,417 | $67,764 | $66,103 | $78,459 | $81,161 | $86,284 | $95,973 |
| Total | $1,664,769 | $1,857,793 | $1,671,208 | $1,971,250 | $2,394,055 | $3,192,067 | $4,408,516 | $3,268,858 | $4,063,086 | $3,741,027 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: BROWN & BROWN, INC. DEF 14A filed March 24, 2026, accession 0001193125-26-122172, and prior-year filings. Open the filing on EDGAR.
How this page was built: the BROWN & BROWN, INC. filed document, accession 0001193125-26-122172. Every figure is read from that document and cited to the page and table it appears in. Filed March 24, 2026.
Equity holdings
unvested awards at FY2022 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 107,450 | $6,121,427 | — |
| PSU | 32,563 | $1,855,144 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in BROWN & BROWN, INC.'s FY2022 proxy; value at the fiscal year-end close, as the company printed it.
Change-in-control & termination
estimated payments BROWN & BROWN discloses, by trigger · FY2026| Trigger | Cash severance | Accelerated equity | Benefits continuation | Total as disclosed |
|---|---|---|---|---|
| Disability | — | $8,948,021 | — | $8,948,021 |
| Death | — | $8,948,021 | — | $8,948,021 |
| Change in control and involuntary termination | — | $11,699,243 | — | $11,699,243 |
Per the Potential Payments Upon Termination or Change in Control table in BROWN & BROWN, INC.'s FY2026 proxy. Estimates as the company printed them; a dash means it printed no figure.
BROWN & BROWN’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| J. Powell Brown | Chief Executive Officer and President | $8,641,088 |
| Stephen P. Hearn | Executive Vice President, Chief Operating Officer and President Retail Segment | $3,975,069 |
| R. Andrew Watts · this page | Chief Financial Officer, Executive Vice President and Treasurer | $3,741,027 |
| P. Barrett Brown | Executive Vice President | $3,495,054 |
| Chris L. Walker | Executive Vice President and Chairman Specialty Distribution Segment | $3,396,035 |
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are BROWN & BROWN's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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