Baldwin Insurance (BWIN) director gets stock grant, shares withheld for tax
Rhea-AI Filing Summary
Baldwin Insurance Group, Inc. director Paul Eugene Sparks reported compensation-related stock activity in the company’s Class A common stock. He received a grant of 2,275 shares of Class A common stock at a price of $0.00 per share, reflecting an award rather than a market purchase. Of these, 784 shares were withheld by the issuer at $21.53 per share to satisfy income tax withholding obligations, leaving 1,491 shares held directly after the transactions.
In addition to his direct holdings, Sparks reports indirect ownership of Class A common stock through several vehicles. These include 996,706 shares held by Sparks 5280VC, LLC, 96,787 shares held by the Paul Sparks Inheritor's Trust for which he acts as trustee, and 18,042 shares held by his individual retirement account, for which he remains the beneficial owner.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,491 shares
Net Buy
5 txns
Insider
Sparks Paul Eugene
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,275 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 784 | $21.53 | $17K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,491 shares (Direct);
Class A Common Stock — 996,706 shares (Indirect, By Sparks 5280VC, LLC);
Class A Common Stock — 96,787 shares (Indirect, By Trust);
Class A Common Stock — 18,042 shares (Indirect, By IRA)
Footnotes (3)
- F1. Represents shares withheld by the issuer to satisfy income tax withholding obligations in connection with the grant of restricted Class A common stock reported on this Form 4.
- F2. These shares are directly held by the Paul Sparks Inheritor's Trust, for which such Reporting Person acts as trustee.
- F3. These shares are directly held by such Reporting Person's individual retirement account, for which the Reporting Person remains the beneficial owner.
Key Figures
Stock grant: 2,275 shares
Tax withholding shares: 784 shares
Tax withholding price: $21.53 per share
+4 more
7 metrics
Stock grant
2,275 shares
Class A Common Stock award at $0.00 per share
Tax withholding shares
784 shares
Withheld by issuer to satisfy income tax obligations
Tax withholding price
$21.53 per share
Price used for shares withheld for taxes
Direct holdings after transactions
1,491 shares
Class A Common Stock held directly by Paul Sparks
Indirect holdings via Sparks 5280VC, LLC
996,706 shares
Class A Common Stock held indirectly through LLC
Indirect holdings via Inheritor's Trust
96,787 shares
Held by Paul Sparks Inheritor's Trust where he is trustee
Indirect holdings via IRA
18,042 shares
Held by individual retirement account, beneficially owned
Key Terms
restricted Class A common stock, income tax withholding obligations, individual retirement account, indirect ownership
4 terms
restricted Class A common stock financial
"in connection with the grant of restricted Class A common stock reported on this Form 4"
income tax withholding obligations financial
"shares withheld by the issuer to satisfy income tax withholding obligations"
individual retirement account financial
"directly held by such Reporting Person's individual retirement account"
indirect ownership financial
"These shares are directly held by the Paul Sparks Inheritor's Trust"
FAQ
What insider transaction did Paul Sparks report for Baldwin Insurance Group (BWIN)?
Paul Sparks reported receiving a grant of 2,275 shares of Baldwin Insurance Group Class A common stock. The award was a compensation grant at $0.00 per share, not an open-market purchase, and increases his direct equity exposure to the company.
What are Paul Sparks’ direct Baldwin Insurance Group (BWIN) holdings after the reported transactions?
After the grant and related tax withholding, Paul Sparks directly holds 1,491 shares of Baldwin Insurance Group Class A common stock. This figure reflects his personal direct ownership position, separate from shares held through entities and retirement accounts.
What indirect Baldwin Insurance Group (BWIN) holdings are associated with Paul Sparks?
The Form 4 lists 996,706 shares held by Sparks 5280VC, LLC, 96,787 shares held by the Paul Sparks Inheritor's Trust, and 18,042 shares held by his individual retirement account. These positions are reported as indirect ownership interests in Baldwin Insurance Group.
Was the Baldwin Insurance Group (BWIN) tax-withholding transaction an open-market sale?
No. The 784 shares were withheld by the issuer to satisfy income tax obligations tied to the restricted stock grant. This type of F-code transaction is a tax-withholding disposition, not an open-market sale initiated for portfolio or valuation reasons.
Is the Form 4 filing for Baldwin Insurance Group (BWIN) a routine compensation event?
Yes. The primary transaction is an A-code grant of 2,275 shares of Class A common stock, a typical equity compensation award. The accompanying F-code withholding of 784 shares reflects standard tax handling of that compensation rather than discretionary trading.
AI-generated analysis. How Rhea-AI works. Not financial advice.
