Sundar PichaiSundar Pichai earned $164M in 2023

J. Powell Brown is the Chief Executive Officer of Brown & Brown, Inc., a major player in the insurance industry, since July 2009. He stepped into this role after serving as President starting in 2007 and has been with the...

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J. Powell Brown

CEO of Brown & Brown

Education

Not specified

Field of Expertise

Finance & Banking - Insurance

Sector of Economy

Financial Services

Born

January 1, 1968 - 57 years ago

CEO of Brown & Brown for

15 years 9 months (Jul 2009 - Present)

Previous Experience

Served as President since January 2007 and a director since October 2007.

Holdings

See how much did J. Powell Brown make over time.

J. Powell Brown's holdings in Brown & Brown, Inc. are significant. In 2023, his vested stock was valued at approximately $8.3 million with a total compensation of nearly $9.8 million. This is a notable jump from previous years where his...

Charitable Transactions

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363,509 shares

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Recent Charitable Transactions

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146,927 shares

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Dec 29, 2023

Charity

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184,354 shares

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Dec 31, 2022

Charity

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15,452 shares

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Dec 31, 2021

Charity

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1,555 shares

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Jan 1, 2021

Charity

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3,221 shares

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Jan 21, 2020

Charity

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1,608 shares

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Jan 1, 2019

Charity

Insider Trading

See recent insider trades of J. Powell Brown.

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146,927 shares

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Dec 29, 2023

Charity

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453 shares

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Dec 15, 2023

Charity

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2,233 shares

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Dec 31, 2022

Charity

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184,354 shares

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Dec 31, 2022

Charity

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101,660 shares

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Feb 21, 2022

Received

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11,339 shares

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Feb 21, 2022

Received

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15,452 shares

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Dec 31, 2021

Charity

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2,400,460 shares

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Dec 31, 2021

Charity

Compensation History

See how much did J. Powell Brown make over time.

In 2023, J. Powell Brown's total compensation was approximately $9.8 million. His salary was set at $1 million, which is stable compared to previous years. Notably, in 2023, he had no reported bonuses, which had varied in the past, including a $1 million bonus in 2021 linked to performance metrics. The bulk of his compensation came from vested stock, worth $8.3 million, showing how closely his earnings are tied to the company's stock performance. This compensation structure reflects a philosophy aimed at aligning the interests of executives with shareholders, focusing on metrics such as organic revenue growth and improved profit margins, which is crucial for long-term success.

Year

2023

Total Compensation

$9.67M

Salary

$1.00M

Board Justification

The compensation philosophy aims to attract and retain high-quality executives, linking compensation to performance and aligning interests with shareholders.

Bonus

$0.00

Board Justification

No discretionary bonus was reported for 2023.

Other

$344.88K

Board Justification

Other compensation includes perquisites, insurance commissions, and contributions to retirement plans.

Restricted Stock

$8.33M(147.51K common stock)

Board Justification

147,506 shares of stock vested in 2023, valued at $8,329,664.

Performance Metrics

Performance metrics include Organic Revenue growth, Adjusted EBITDAC Margin, and personal objectives.