BROWN J POWELL 4: 44,737 shares of BRO ($3,113,247)

Our Take

→Brown & Brown's founder has been a consistent seller over the past year—this latest $3.1M transaction fits that pattern rather than signaling distress. What's notable is the timing: Powell Brown is offloading stock while the insurance broker navigates a challenging M&A environment where deal valuations have compressed and integration risks from past acquisitions remain elevated. For a founder-led company built on acquisition prowess, steady diversification of his personal wealth concentration is prudent, but it's worth tracking whether the pace accelerates if organic growth or deal-making momentum deteriorates further.