TAMPA, Fla.–(BUSINESS WIRE)–Apr 29, 2022–
BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), an absolute allowance administration close carrying tailored allowance solutions, today appear that the Company, through an aberrant subsidiary, has completed the ahead appear accretion of Westwood Allowance Agency (operating as “Westwood”).
In affiliation with the Partnership, BRP Group’s classification for cardinal acquisitions, BRP Group intends to affair to new advisers belted shares of the Company’s Class A Common Stock (“Class A Shares”) that the Compensation Committee of the Board of Directors of the Company ahead accustomed (each, a “Grant”). The Grants will be issued pursuant to the Company’s Partnership Inducement Award Plan (the “Inducement Plan”) in accordance with the absolution provided by NASDAQ Listing Rule 5635(c)(4).
The Compensation Committee accustomed the Grants to actuate and accolade the recipients to accomplish at the accomplished levels and accord decidedly to the success of BRP Group and its affiliates. The ahead appear upfront banknote acquittal to QBE Holdings, Inc. was bargain by the estimated amount of the applicative Grants.
The beneath table summarizes the absolute agreement of the Grants.
Number of Grantees
Aggregate Shares Granted
25% per year over 4 years or 100% afterwards 4 years
*Vesting is accountable to connected application through the applicative vesting date with a vesting account admission date as of April 30, 2022.
ABOUT BRP GROUP, INC.
BRP Group, Inc. (NASDAQ: BRP) is an absolute allowance administration close carrying tailored allowance and accident administration insights and solutions that accord our audience the accord of apperception to accompany their purpose, affection and dreams. We are innovating the industry by demography a holistic and tailored access to accident management, allowance and agent benefits, and abutment our clients, Colleagues, Allowance Company Partners and communities through the deployment of beat assets and basic to drive our growth. BRP Group represents over 900,000 audience beyond the United States and internationally. For added information, amuse appointment www.baldwinriskpartners.com.
NOTE REGARDING FORWARD-LOOKING STATEMENTS
This columnist absolution may accommodate assorted “forward-looking statements” aural the acceptation of the Private Securities Litigation Reform Act of 1995, which represent BRP Group’s expectations or behavior apropos approaching events. Advanced statements are statements added than absolute facts and may accommodate statements that abode approaching operating, banking or business achievement or BRP Group’s strategies or expectations, including those about this Partnership. In some cases, you can analyze these statements by advanced words such as “may”, “might”, “will”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “projects”, “potential”, “outlook” or “continue”, or the abrogating of these agreement or added commensurable terminology. Advanced statements are based on management’s accepted expectations and behavior and absorb cogent risks and uncertainties that could account absolute results, developments and business decisions to alter materially from those advised by these statements.
Factors that could account absolute after-effects or achievement to alter from the expectations bidding or adumbrated in such advanced statements include, but are not bound to, those declared beneath the explanation “Risk Factors” in BRP Group’s Annual Report on Form 10-K for the year concluded December 31, 2021, and BRP Group’s added filings with the SEC, which are accessible chargeless of allegation on the Securities and Exchange Commission’s website at: www.sec.gov, including those risks and added factors accordant to BRP Group’s affiliation of this Partnership, affairs adjourned in BRP Group’s due diligence, risks accompanying to the disruption of administration time from advancing business operations due to this Partnership, the business, banking action and after-effects of operations of BRP Group or this Partner, or both, and factors accompanying to the abeyant furnishings of the COVID-19 communicable on BRP Group’s business, banking action and after-effects of operations. Should one or added of these risks or uncertainties materialize, or should basal assumptions prove incorrect, absolute after-effects may alter materially from those indicated. All advanced statements and all consecutive accounting and articulate advanced statements attributable to BRP Group or to bodies acting on account of BRP Group are especially able in their absoluteness by advertence to these risks and uncertainties. You should not abode disproportionate assurance on advanced statements. Advanced statements allege alone as of the date they are made, and BRP Group does not undertake any obligation to amend them in ablaze of new information, approaching developments or otherwise, except as may be appropriate beneath applicative law.
View antecedent adaptation on businesswire.com:https://www.businesswire.com/news/home/20220429005681/en/
CONTACT: INVESTOR RELATIONS
Bonnie Bishop, Executive Director
Baldwin Accident Partners
(813) 259-8032 |[email protected]
Rachel DeAngelo, Communications Manager
Baldwin Accident Partners
(813) 387-6842 |[email protected]
KEYWORD: FLORIDA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: INSURANCE PROFESSIONAL SERVICES
SOURCE: BRP Group, Inc.
Copyright Business Wire 2022.
PUB: 04/29/2022 04:15 PM/DISC: 04/29/2022 04:16 PM
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