Baldwin CFO logs tax withholding of 958 shares

Baldwin Insurance Group, Inc. Chief Financial Officer Hale Bradford reported share dispositions that were entirely for tax withholding.

Rhea-AI Filing Summary

Baldwin Insurance Group, Inc. Chief Financial Officer Hale Bradford reported share dispositions that were entirely for tax withholding. On March 15, 2026, a total of 958 Class A common shares were withheld by the issuer at $21.06 per share to satisfy income tax obligations tied to vesting of restricted stock. After these transactions, Bradford directly holds 184,338 Class A shares and also has indirect ownership of 10,000 shares held by the Amy W. Hale Revocable Trust, for which his spouse serves as sole trustee.

Insider Trade Summary

Exercise Price or Tax Liability: 958 shares

Exercise Price or Tax Liability 3 txns

Insider Hale Bradford

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	556	$21.06	$12K
Exercise Price or Tax Liability	Class A Common Stock	402	$21.06	$8K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 184,338 shares (Direct); Class A Common Stock — 10,000 shares (Indirect, By Spouse)

Footnotes (3)

1. F1. Represents shares withheld by the issuer to satisfy income tax withholding obligations in connection with the vesting of restricted Class A common stock reported on a Form 4 filed on April 5, 2022.
2. F2. Represents shares withheld by the issuer to satisfy income tax withholding obligations in connection with the vesting of restricted Class A common stock reported on a Form 4 filed on May 5, 2021.
3. F3. These securities are directly held by the Amy W. Hale Revocable Trust dated July 28, 2009, of which Amy W. Hale, the reporting person's spouse, serves as sole trustee.

FAQ

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What did Baldwin Insurance (BWIN) CFO report in this Form 4?

The CFO reported dispositions of shares that were fully for tax withholding. A total of 958 Class A shares were withheld by the issuer at $21.06 per share to cover income taxes on vested restricted stock.

Were Baldwin Insurance (BWIN) shares sold on the market in this Form 4?

No open-market sales were reported. The filing shows F-coded transactions, meaning 958 shares were withheld by the issuer solely to satisfy income tax obligations from restricted stock vesting, not discretionary sales by the CFO.

How many Baldwin Insurance (BWIN) shares does the CFO hold after these transactions?

Following the tax-withholding dispositions, the CFO directly holds 184,338 Class A shares. The filing also shows an additional 10,000 shares held indirectly through the Amy W. Hale Revocable Trust, where his spouse is sole trustee.

What is the nature of the F-code transactions in Baldwin Insurance (BWIN) Form 4?

The F-code entries represent tax-withholding dispositions. Specifically, 556 shares and 402 shares of Class A stock were withheld by the issuer to satisfy income tax withholding obligations related to earlier restricted stock awards.

How are the indirect Baldwin Insurance (BWIN) holdings structured for the CFO?

The filing reports 10,000 Class A shares held indirectly through the Amy W. Hale Revocable Trust. Amy W. Hale, the CFO’s spouse, serves as sole trustee, and these securities are directly held by that trust entity.

Does this Baldwin Insurance (BWIN) Form 4 indicate any option exercises by the CFO?

The data show no option exercises or derivative transactions. All reported dispositions are F-code tax-withholding events tied to restricted stock vesting, with no M, C, or other derivative exercise codes disclosed in this filing.

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Accepted by SEC EDGAR 03/17/2026 - 08:42 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hale Bradford

(Last) (First) (Middle)

C/O THE BALDWIN INSURANCE GROUP, INC.

4211 W. BOY SCOUT BLVD., SUITE 800

(Street)

TAMPA FL 33607

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Baldwin Insurance Group, Inc. [ BWIN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)	X	Other (specify below)
	Chief Financial Officer		Member of 10% owner group

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/15/2026		F		556(1)	D	$21.06	184,740	D
Class A Common Stock	03/15/2026		F		402(2)	D	$21.06	184,338	D
Class A Common Stock								10,000	I	By Spouse(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares withheld by the issuer to satisfy income tax withholding obligations in connection with the vesting of restricted Class A common stock reported on a Form 4 filed on April 5, 2022.

2. Represents shares withheld by the issuer to satisfy income tax withholding obligations in connection with the vesting of restricted Class A common stock reported on a Form 4 filed on May 5, 2021.

3. These securities are directly held by the Amy W. Hale Revocable Trust dated July 28, 2009, of which Amy W. Hale, the reporting person's spouse, serves as sole trustee.

Remarks:

	/s/ Seth Cohen, as Attorney-in-Fact, for Bradford Hale	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.