BROWN & BROWN, INC. 10-Q

ITEM 2. Unregistered Sales of Equi ty Securities and Use of Proceeds Issuer Purchases of Equity Securities The following table provides information about our repurchase of shares of our common stock during the three months ended June 30, 2023: Total number of shares purchased (1) Average price paid per share Total number of shares purchased as part of publicly announced plans or programs Maximum value of shares that may yet be purchased under the plans or programs (2) April 1, 2023 to April 30, 2023 4,940 $ 61.04 — $ 249.5 May 1, 2023 to May 31, 2023 39,615 64.39 — 249.5 June 1, 2023 to June 30, 2023 — — — 249.5 Total 44,555 $ 64.02 — $ 249.5 (1) All shares reported in this column are attributable to shares withheld for taxes in connection with vesting of restricted shares awarded under our 2010 Stock Incentive Plan and 2019 Stock Incentive Plan. (2) On July 18, 2014, the Board of Directors authorized the repurchase of up to $200.0 million of the Company's shares of common stock, and on July 20, 2015, the Board of Directors authorized the repurchase of an additional $400.0 million of the Company's shares of common stock. On May 1, 2019, the Board of Directors approved an additional repurchase authorization amount of $372.5 million to bring the total available share repurchase authorization to approximately $500.0 million. After completing these open market repurchases, the Company’s outstanding Board approved share repurchase authorization is approximately $249.5 million. Between January 1, 2014 and June 30, 2023, the Company repurchased a total of approximately 19.7 million shares for an aggregate cost of approximately $748.1 million. (3) Dollar values stated in millions.