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Brown & Brown Executive Compensation (FY25)

BRO · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
J. Powell Brown
Latest say-on-pay support
=
May 6, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 19, 2026Latest filing (8-K): May 7, 2026
15 filings cited on this page
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296 figures on this page: 285 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

More on Brown & Brown

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — J. Powell Brown: $11,678,777 → $8,641,088 (26.0% lower)
Say-on-pay support: 96.6% → 85.0% (11.6 points lower)
CEO pay ratio: 158:1 → 117:1 (25.9% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Brown & Brown's chief executive and what were they paid?
J. Powell Brown was paid $8,641,088 in total compensation as Chief Executive Officer and President for fiscal 2025. Compared with the $11,678,777 reported for fiscal 2024, Brown's total was 26.0% lower.
What was Brown & Brown's say-on-pay result?
The say-on-pay proposal drew 85.0% of votes cast for or against in favor at the meeting held May 6, 2026 for fiscal 2025.
Which companies are in Brown & Brown's peer group?
Companies named in the disclosed peer group include American Financial Group, Inc., First American Financial Corporation, Moody’s Corporation, The Hanover Insurance Group, Inc. and W.R. Berkley Corporation.
What is Brown & Brown's chief executive pay ratio?
The company reported a chief executive pay ratio of 117:1 for fiscal 2025, against median employee compensation of $74,010.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
J. Powell Brown
Chief Executive Officer and President
◇—◇—◇—◇◇
P. Barrett Brown
Executive Vice President and President – Retail Segment
◇—◇—◇—◇◇
Chris Walker
Executive Vice President and President – National Programs Segment
◇—◇—◇—◇◇
J. Scott Penny
Executive Vice President and Chief Acquisitions Officer
◇◇◇—◇—◇◇
R. Andrew Watts
Chief Financial Officer Executive Vice President and Treasurer
◇◇◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
J. Powell Brown
Chief Executive Officer and President
◇—◇—◇—◇◇
Chris Walker
Executive Vice President and Chairman – Specialty Distribution Segment
◇◇◇—◇—◇◇
R. Andrew Watts
Chief Financial Officer, Executive Vice President and Treasurer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
J. Powell Brown
Chief Executive Officer and President
◇—◇—◇—◇◇
Chris L. Walker
Executive Vice President and President Programs Segment
◇—◇—◇—◇◇
P. Barrett Brown
Executive Vice President and President Retail Segment
◇—◇—◇—◇◇
R. Andrew Watts
Chief Financial Officer, Executive Vice President and Treasurer
◇—◇—◇—◇◇
J. Scott Penny
Executive Vice President and Chief Acquisitions Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
J. Powell Brown
Chief Executive Officer and President
◇◇◇—◇—◇◇
Stephen P. Hearn
Executive Vice President, Chief Operating Officer and President Retail Segment
◇◇◇—◇—◇◇
R. Andrew Watts
Chief Financial Officer, Executive Vice President and Treasurer
◇◇◇—◇—◇◇
P. Barrett Brown
Executive Vice President
◇◇◇—◇—◇◇
Chris L. Walker
Executive Vice President and Chairman Specialty Distribution Segment
◇◇◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Chris L. WalkerPSU◇—◇—◇—◇
Chris L. WalkerPSU◇◇◇—◇—◇
J. Powell BrownPSU◇—◇—◇—◇
J. Powell BrownPSU◇◇◇—◇—◇
P. Barrett BrownPSU◇—◇—◇—◇
P. Barrett BrownPSU◇◇◇—◇—◇
R. Andrew WattsPSU◇—◇—◇—◇
R. Andrew WattsPSU◇◇◇—◇—◇
Stephen P. HearnPSU◇◇◇—◇—◇
Stephen P. HearnPSU◇—◇—◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Chris WalkerRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
R. WattsRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
P. BrownRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
J. BrownRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Stephen HearnRSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Chris L. Walker
Executive Vice President · Terms as described in the company’s compensation discussion · citing a 2026 filing
Excise tax treatment◇
J. Powell Brown
Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Equity acceleration on change in control◇
P. Barrett Brown
Executive Vice President · Terms as described in the company’s compensation discussion · citing a 2026 filing
Equity acceleration on change in control◇
Excise tax treatment◇
R. Andrew Watts
Chief Financial Officer, Executive Vice President and Treasurer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Equity acceleration on change in control◇
Excise tax treatment◇
Stephen P. Hearn
Executive Vice President, Chief Operating Officer and President Retail Segment · Terms as described in the company’s compensation discussion · citing a 2026 filing
Equity acceleration on change in control◇
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2026
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
J. Hyatt Brown
Board chair
—————◇◇
J. Powell Brown served on the board in fiscal 2026 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • American Financial Group, Inc. AFG
  • First American Financial Corporation FAF
  • Moody’s Corporation MCO
  • The Hanover Insurance Group, Inc. THG
  • W.R. Berkley Corporation WRB

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 6, 2026=◇◇◇
2024May 7, 2025=◇◇◇
2023May 8, 2024=◇◇◇
2022May 3, 2023=◇◇◇
2021May 4, 2022=◇◇◇
2020May 5, 2021=◇◇◇
2019May 6, 2020=◇◇◇
2018May 1, 2019=◇◇◇
2017May 2, 2018=◇◇◇
2016May 3, 2017=◇◇◇
2015May 4, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- J. Powell Brown (Chief Executive Officer and President), FY2025 total compensation $8,641,088 (base salary $1,250,000) [exec_comp, SEC accession 0001193125-26-122172, filed 2026-03-24]

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What this page does not include

Everything above is a fact Brown & Brown disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Brown & Brown sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
296 figures on this page: 285 cited to the filing that reported them, 11 calculated from figures it prints.
285 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001193125-26-212338
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-122172
    2025 DIRECTOR COMPENSATION · Chief Executive Officer Pay Ratio · Compensation Discussion and Analysis · Outstanding Equity Awards at Fiscal Year-End – 2025 · and 2 more sections
  3. 0000950170-25-069437
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001193125-25-061457
    EXECUTIVE COMPENSATION TABLES · Summary Compensation Table · Summary Compensation Table 2022-2024
  5. 0000950170-24-057368
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-24-076607
    Summary Compensation Table 2021-2023
  7. 0000950170-23-018058
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001193125-23-076801
    EXECUTIVE COMPENSATION TABLES
  9. 0000950170-22-007435
  10. 0001564590-21-025102
  11. 0001564590-20-022221
  12. 0000079282-19-000013
  13. 0000079282-18-000016
  14. 0000079282-17-000018
  15. 0000079282-16-000042
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Brown & Brown executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/BRO (accessed 2026).
Short form: data: Velarion

The paid brief for Brown & Brown

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
15 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Insurance rankings

Chief executive pay — InsuranceCEO pay ratio — InsuranceSay-on-pay support — Insurance

Peers Brown & Brown discloses

The companies named in BRO's own disclosed peer group.

American Financial Group, Inc.First American Financial CorporationMoody’s CorporationThe Hanover Insurance Group, Inc.W.R. Berkley Corporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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