Brown & Brown's COO and Regional President just picked up 5,411 shares

Linda S Downs, Brown & Brown's COO and Regional President, recently acquired 5,411 shares of the company. The buys took place at $18.48 per share, on December 26, 2013. Downs now owns 597,713 shares of the company. Downs operates out of Daytona Beach, FL. Some additional info was provided as follows:

A total of 1,166 of these shares were acquired through the Company's Employee Stock Purchase Plan in August 2013. Number of shares may vary due to dividend reinvestment. These securities were granted pursuant to the Company's Performance Stock Plan ("PSP"). Based on the satisfaction of conditions established pursuant to the PSP, the Reporting Person has voting rights and dividend entitlement with respect to a portion of these shares based on the satisfaction of certain performance-based criteria, but full ownership will not vest until the satisfaction of additional conditions. These securities were granted pursuant to the Company's 2010 Stock Incentive Plan ("SIP"). Full ownership will not vest until the satisfaction of performance-based conditions established in connection with this grant. Granted by the Compensation Committee of the Board of Directors pursuant to the Company's 2000 Incentive Stock Option Plan (the "Plan"). These options vest and become exercisable on 11/26/17, unless accelerated based on satisfaction of conditions established pursuant to the Plan.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here. Brown & Brown next reports earnings on January 27, 2014.

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Other recent filings from the company include the following:

EVP of Brown & Brown just picked up 26,000 shares - April 16, 2014

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