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Baldwin Insurance (BWIN) director reports 1,207-share grant and tax withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Baldwin Insurance Group director Paul Eugene Sparks reported routine equity compensation and related tax withholding. He received a grant of 1,207 shares of Class A common stock at no cost, increasing his directly held balance to 2,698 shares after the transactions on 2026-07-01. In connection with this restricted stock grant, 416 shares were withheld by the issuer at a price of $26.91 per share to satisfy income tax withholding obligations, which is not an open-market sale.

In addition to his direct holdings, Sparks is reported as the beneficial owner of indirect positions in Class A common stock held through several entities. These include 18,042 shares held by his individual retirement account, 96,787 shares held by the Paul Sparks Inheritor's Trust where he acts as trustee, and 996,706 shares held by Sparks 5280VC, LLC.

Positive

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Insider Sparks Paul Eugene
Role null
Type Security Shares Price Value
Grant/Award Class A Common Stock 1,207 $0.00 --
Tax Withholding 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 — 2,698 shares (Direct, null); Class A Common Stock — 996,706 shares (Indirect, By Sparks 5280VC, LLC)
Footnotes (1)
  1. 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. These shares are directly held by the Paul Sparks Inheritor's Trust, for which such Reporting Person acts as trustee. These shares are directly held by such Reporting Person's individual retirement account, for which the Reporting Person remains the beneficial owner.
Restricted stock grant 1,207 shares Class A common stock award at $0.00 per share on 2026-07-01
Tax withholding shares 416 shares at $26.91 Shares withheld to satisfy income tax obligations on restricted stock
Direct holdings after transactions 2,698 shares Direct Class A common stock owned by Paul Sparks after 2026-07-01
IRA indirect holdings 18,042 shares Class A common stock held by Sparks’ individual retirement account
Inheritor's Trust holdings 96,787 shares Class A common stock held by Paul Sparks Inheritor's Trust
Sparks 5280VC, LLC holdings 996,706 shares Class A common stock held indirectly through Sparks 5280VC, LLC
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 in connection with the grant"
individual retirement account financial
"shares are directly held by such Reporting Person's individual retirement account, for which the Reporting Person remains the beneficial owner"
beneficial owner financial
"individual retirement account, 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.
Inheritor's Trust financial
"directly held by the Paul Sparks Inheritor's Trust, for which such Reporting Person acts as trustee"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Sparks Paul Eugene
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock07/01/2026A1,207A$02,698D
Class A Common Stock07/01/2026F416(1)D$26.912,282D
Class A Common Stock996,706IBy Sparks 5280VC, LLC
Class A Common Stock96,787IBy Trust(2)
Class A Common Stock18,042IBy IRA(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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.
2. These shares are directly held by the Paul Sparks Inheritor's Trust, for which such Reporting Person acts as trustee.
3. These shares are directly held by such Reporting Person's individual retirement account, for which the Reporting Person remains the beneficial owner.
Remarks:
/s/ Seth Cohen, as Attorney-in Fact, for Paul Sparks07/02/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Baldwin Insurance Group (BWIN) director Paul Sparks report on this Form 4?

Paul Sparks reported a routine equity grant and related tax withholding. He received 1,207 Class A common shares at no cost, with 416 shares withheld at $26.91 each to cover income tax obligations tied to this restricted stock award.

How many Baldwin Insurance Group (BWIN) shares does Paul Sparks hold directly after this filing?

After the reported transactions, Paul Sparks directly holds 2,698 shares of Baldwin Insurance Group Class A common stock. This balance reflects the 1,207-share restricted stock grant and 416 shares withheld to satisfy income tax obligations associated with that award.

Were any of Paul Sparks’ Baldwin Insurance Group (BWIN) transactions open-market sales or purchases?

The filing does not report any open-market sales or purchases. It shows a grant of 1,207 Class A shares at no cost and 416 shares withheld by the issuer at $26.91 solely to satisfy income tax withholding requirements on the restricted stock grant.

What indirect Baldwin Insurance Group (BWIN) holdings are attributed to Paul Sparks?

Indirect holdings include 18,042 shares in his individual retirement account, 96,787 shares in the Paul Sparks Inheritor's Trust where he is trustee, and 996,706 shares held by Sparks 5280VC, LLC. These positions are reported as beneficially owned indirect Class A common stock.

What does the tax withholding transaction in Paul Sparks’ Baldwin Insurance Group (BWIN) Form 4 mean?

The tax withholding reflects 416 Class A shares retained by the issuer at $26.91 each to cover income tax on a restricted stock grant. This F-code transaction is a tax-withholding disposition, not an open-market sale, and is common with equity compensation awards.