Director at Baldwin Insurance (BWIN) gets 1,221-share stock grant

Rhea-AI Filing Summary

KADOW JOSEPH JOHN reported acquisition or exercise transactions in this Form 4 filing.

Baldwin Insurance Group director Joseph John Kadow received a grant of 1,221 shares of Class A Common Stock. The shares were awarded on April 1, 2026 at a stated price of $0.00 per share, reflecting a stock-based award rather than an open-market purchase.

After this grant, Kadow holds 18,393 Class A shares directly. The filing also notes 5,000 additional Class A shares held indirectly through the Joseph J. Kadow Revocable Trust of 2008, giving a fuller view of his combined direct and trust holdings.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider KADOW JOSEPH JOHN

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	1,221	$0.00	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 18,393 shares (Direct); Class A Common Stock — 5,000 shares (Indirect, By Joseph J. Kadow Revocable Trust of 2008)

Footnotes (1)

Key Figures

Share grant size: 1,221 shares Grant price: $0.00 per share Direct holdings after grant: 18,393 shares +1 more

4 metrics

Share grant size 1,221 shares Class A Common Stock grant on April 1, 2026

Grant price $0.00 per share Stated price for awarded Class A shares

Direct holdings after grant 18,393 shares Class A Common Stock held directly by Kadow post-transaction

Indirect trust holdings 5,000 shares Class A Common Stock held by Joseph J. Kadow Revocable Trust of 2008

Key Terms

Class A Common Stock, grant/award acquisition, indirect ownership, Revocable Trust

4 terms

Class A Common Stock financial

"security_title": "Class A Common Stock""

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

grant/award acquisition financial

""transaction_action": "grant/award acquisition""

indirect ownership financial

""ownership_type": "indirect""

Revocable Trust financial

"By Joseph J. Kadow Revocable Trust of 2008"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

Form 4 Insider Transactions: What Each Field Means →

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^*

KADOW JOSEPH JOHN

(Last) (First) (Middle)

C/O THE BALDWIN INSURANCE GROUP, INC.

4211 W. BOY SCOUT BLVD., SUITE 800

(Street)

TAMPA FLORIDA 33607

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

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

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

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	04/01/2026		A		1,221	A	$0	18,393	D
Class A Common Stock								5,000	I	By Joseph J. Kadow Revocable Trust of 2008

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:

Remarks:

	/s/ Seth Cohen, as Attorney-in-Fact, for Joseph John Kadow	04/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Baldwin Insurance Group (BWIN) report for Joseph John Kadow?

Baldwin Insurance Group reported that director Joseph John Kadow received a grant of 1,221 Class A Common Stock shares. The award was recorded at a price of $0.00 per share, indicating a stock-based grant rather than an open-market purchase.

How many Baldwin Insurance Group (BWIN) shares does Joseph John Kadow hold after this Form 4?

After the reported grant, Joseph John Kadow directly holds 18,393 Class A Common Stock shares. The filing also lists 5,000 additional Class A shares held indirectly through the Joseph J. Kadow Revocable Trust of 2008, showing his combined direct and trust ownership.

Was the Baldwin Insurance Group (BWIN) insider transaction a purchase or a grant?

The transaction was a grant or award acquisition of shares, not an open-market purchase. The filing codes it as a grant of 1,221 Class A Common Stock shares at a stated price of $0.00 per share, reflecting stock-based compensation.

Does Joseph John Kadow have indirect ownership of Baldwin Insurance Group (BWIN) shares?

Yes. In addition to his direct holdings, the Form 4 shows 5,000 Class A Common Stock shares held indirectly. These shares are owned through the Joseph J. Kadow Revocable Trust of 2008, which is identified as the nature of indirect ownership.

What is the significance of the $0.00 price on the Baldwin Insurance (BWIN) Form 4 grant?

The $0.00 per-share price indicates the shares were awarded without a cash payment by the director. This is typical for stock-based compensation grants, where the company issues shares as part of compensation rather than through a market purchase.