Baldwin Insurance Group (BWIN) director granted 1,221-share stock award

Rhea-AI Filing Summary

SULLIVAN CHRIS THOMAS reported acquisition or exercise transactions in this Form 4 filing.

Baldwin Insurance Group director Chris Thomas Sullivan received a stock award of 1,221 shares of Class A Common Stock on April 1, 2026. The grant was priced at $0.00 per share as compensation, not an open-market purchase. After the award, he directly owns 84,475 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SULLIVAN CHRIS THOMAS

Role Director

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

Holdings After Transaction: Class A Common Stock — 84,475 shares (Direct)

Footnotes (1)

Key Figures

Shares granted: 1,221 shares Grant price: $0.00 per share Shares held after grant: 84,475 shares

3 metrics

Shares granted 1,221 shares Equity award on April 1, 2026

Grant price $0.00 per share Compensation grant, non-market transaction

Shares held after grant 84,475 shares Director’s direct holdings following transaction

Key Terms

Class A Common Stock, Grant, award, or other acquisition, direct ownership

3 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, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

direct ownership financial

"ownership_type: "direct" with direct_or_indirect coded as "D""

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^*

SULLIVAN CHRIS THOMAS

(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	84,475	D

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 Chris Thomas Sullivan	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 Chris Thomas Sullivan?

Baldwin Insurance Group reported that director Chris Thomas Sullivan received a grant of 1,221 shares of Class A Common Stock. The award was recorded at $0.00 per share as compensation, increasing his direct holdings rather than reflecting an open-market stock purchase.

How many Baldwin Insurance Group (BWIN) shares does Chris Thomas Sullivan hold after this Form 4 transaction?

After the reported grant, Chris Thomas Sullivan directly holds 84,475 shares of Baldwin Insurance Group Class A Common Stock. This total includes the newly awarded 1,221 shares, which were granted as compensation rather than bought in the market at a cash price.

Was the Baldwin Insurance Group (BWIN) Form 4 transaction a stock purchase or a grant?

The Form 4 transaction for Baldwin Insurance Group was a grant, not a purchase. Director Chris Thomas Sullivan received 1,221 shares as a "Grant, award, or other acquisition" at $0.00 per share, indicating equity compensation instead of an open-market buying transaction.

What does the $0.00 price on the Baldwin Insurance Group (BWIN) Form 4 mean?

The $0.00 price per share indicates the 1,221 Baldwin Insurance Group shares were granted at no cash cost to Chris Thomas Sullivan. This reflects a compensation award rather than a market trade, so it does not show a typical buy order at a specific stock price.

Does the Baldwin Insurance Group (BWIN) Form 4 show any stock sales by Chris Thomas Sullivan?

The Form 4 shows no stock sales by Chris Thomas Sullivan. It reports only one acquisition transaction: a grant of 1,221 Class A Common Stock shares, coded as an award, increasing his direct holdings to 84,475 shares with no corresponding dispositions listed.