Baldwin Insurance Group SEC Filings

Blaize Holdings, Inc. (BZAI) – Form 4 insider report

Director Anthony Cannestra reported the grant of 212,500 restricted stock units (RSUs) on 28 Jun 2025. The RSUs were issued at a stated price of $0, reflecting an equity-based compensation award rather than an open-market purchase. Following the grant, Cannestra’s total beneficial ownership rose to 303,827 common shares, of which 91,327 are classified as “Earn-Out Shares” that will convert into common stock only if the company’s share price exceeds specific thresholds disclosed in prior agreements.

No derivative securities were acquired or disposed of in this filing, and there were no sales of existing shares. The filing therefore represents a net increase in insider ownership and modest shareholder dilution tied to the company’s equity compensation program.

The Form 4 filed with the SEC on 07/02/2025 shows that Baldwin Insurance Group (ticker BWIN) director Joseph John Kadow acquired 645 Class A common shares on 07/01/2025 at a stated price of $0.00, suggesting the shares were granted as part of director compensation rather than bought on the open market. Following the transaction, Kadow’s direct ownership rises to 15,257 shares, while his indirect holding through the Joseph J. Kadow Revocable Trust remains unchanged at 5,000 shares. No derivative securities transactions were reported. Because the purchase represents a small absolute amount and was executed at no cost, the market impact is expected to be minimal; however, it nonetheless signals that the director’s equity stake continues to increase, which many investors view as a modest sign of insider confidence.

Form 4 Insider Transaction – Baldwin Insurance Group, Inc. (BWIN)

On 1 July 2025, director Chris Thomas Sullivan reported the acquisition of 645 Class A common shares of Baldwin Insurance Group. The shares were received at a stated price of $0.00, indicating an equity grant rather than an open-market purchase. Following the transaction, Sullivan’s direct beneficial ownership increased to 81,339 shares. No derivative securities were involved, and there were no dispositions or sales reported.

The filing is routine in nature and does not disclose any accompanying corporate events or changes in strategy. The modest share count (less than 1% of total ownership) suggests limited immediate market impact, but the transaction modestly enhances insider equity alignment.

Form 4 Snapshot (BWIN)

On 07/01/2025, Baldwin Insurance Group, Inc. (ticker BWIN) filed a Form 4 disclosing that director Ellyn Shook acquired 645 shares of the company’s Class A common stock. The transaction was coded “A,” indicating a grant, award or other acquisition, and was executed at a stated price of $0.00 per share. Following the award, Shook’s direct beneficial ownership increased to 10,102 shares. No dispositions or derivative security transactions were reported.

Baldwin Insurance Group (BWIN) – Form 4 insider transaction

Director Sunita Parasuraman reported one transaction dated 07/01/2025. The filing shows an award of 645 Class A common shares at a stated price of $0.00, indicating it was likely part of an equity compensation program rather than an open-market purchase. Following the award, the director’s direct beneficial ownership rises to 10,102 shares. No dispositions, derivative securities, or additional transactions were disclosed. Aside from the routine certification language, the document contains no further financial or strategic commentary.

Form 4 filing for Blaize Holdings, Inc. (BZAI) discloses that director Edward H. Frank was granted 212,500 shares of Common Stock on 06/28/2025. The transaction is coded “A” (acquisition) and is explicitly described in the notes as an award of restricted stock units (RSUs) that will vest according to the applicable grant agreement.

Following the award, Frank’s total beneficial ownership rises to 303,499 shares, held directly. This figure includes 90,999 Earn-Out Shares that will only convert to common stock if the company’s trading price exceeds specified thresholds. No derivative securities were reported in Table II.

The RSU grant was recorded at a price of $0, indicating a non-cash equity incentive. The filing was signed on 07/02/2025 by Attorney-in-Fact Harminder Sehmi.

Key take-aways for investors:

• Sizeable equity award increases insider alignment but also adds up to 212,500 new shares to the potential float once vested.
• Earn-Out Shares create a performance-based component tied to future share-price milestones.
• No sales or disposals were reported; the transaction solely increases insider ownership.

Form 4 Insider Transaction Summary

On 07/01/2025, Northern Trust Corporation (NTRS) director Martin P. Slark filed a Form 4 disclosing the acquisition of 66.32 common shares at $127.99 per share (approx. $8.5 k total value). The shares represent deferred stock units that convert 1-for-1 into common stock.

After the award, Mr. Slark’s reported ownership stands at 21,109.92 directly held shares and 4,769 shares held indirectly through a trust. The transaction was coded “A,” denoting an award or exempt acquisition rather than an open-market purchase.

The award increases the director’s direct stake by less than 0.4% and has no effect on Northern Trust’s share count or governance structure. While insider ownership growth can imply confidence, the modest size and routine nature of board compensation make the filing immaterial to the company’s valuation in isolation.