Baldwin Insurance (BWIN) director gets stock grant, tax shares withheld
Rhea-AI Filing Summary
Baldwin Insurance Group director Paul Eugene Sparks reported a grant of 1,207 shares of restricted Class A common stock on July 1, 2026. To satisfy income tax withholding obligations, 416 shares were withheld by the issuer at $26.91 per share. After these transactions, he directly holds 2,282 shares and reports indirect holdings of 996,706, 96,787 and 18,042 shares through an LLC, a trust and an IRA, respectively.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 791 shares
Net Buy
5 txns
Insider
Sparks Paul Eugene
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,207 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 416 | $26.91 | $11K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 2,282 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
Restricted stock grant: 1,207 shares
Shares withheld for taxes: 416 shares
Tax withholding price: $26.91 per share
+4 more
7 metrics
Restricted stock grant
1,207 shares
Class A common stock granted to director on July 1, 2026
Shares withheld for taxes
416 shares
Withheld by issuer to satisfy income tax withholding obligations
Tax withholding price
$26.91 per share
Per-share value for 416 shares withheld for taxes
Direct holdings after transactions
2,282 shares
Direct Class A Common Stock held by Paul Eugene Sparks after July 1, 2026
Indirect holdings via Sparks 5280VC, LLC
996,706 shares
Indirect Class A Common Stock held through Sparks 5280VC, LLC
Indirect holdings via trust
96,787 shares
Indirect Class A Common Stock held by the Paul Sparks Inheritor's Trust
Indirect holdings via IRA
18,042 shares
Indirect Class A Common Stock held by an individual retirement account
Key Terms
restricted Class A common stock, income tax withholding obligations, individual retirement account, beneficial owner
4 terms
restricted Class A common stock financial
"in connection with the grant of restricted Class A common stock reported"
income tax withholding obligations financial
"to satisfy income tax withholding obligations in connection with the grant"
individual retirement account financial
"directly held by such Reporting Person's individual retirement account"
beneficial owner financial
"for which the Reporting Person remains the beneficial owner"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
FAQ
What insider transaction did BWIN director Paul Eugene Sparks report?
Paul Eugene Sparks reported a grant of 1,207 shares of restricted Class A common stock on July 1, 2026, with 416 shares simultaneously withheld by the issuer to cover income tax obligations related to this stock grant.
What indirect BWIN holdings does Paul Eugene Sparks report?
He reports indirect holdings of 996,706 shares through Sparks 5280VC, LLC, 96,787 shares through the Paul Sparks Inheritor's Trust, and 18,042 shares through an individual retirement account, for which he remains the beneficial owner or trustee.
Were Paul Eugene Sparks’ BWIN transactions under a Rule 10b5-1 trading plan?
The report indicates the transactions were not made pursuant to a Rule 10b5-1 trading plan, as the checkbox affirming execution under such a pre-arranged trading arrangement was not marked for these July 1, 2026 transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
