Baldwin CFO gets stock bonus, withholds shares

Baldwin Insurance Group Chief Financial Officer Hale Bradford reported equity compensation and related tax withholding in Class A common stock.

Rhea-AI Filing Summary

Baldwin Insurance Group Chief Financial Officer Hale Bradford reported equity compensation and related tax withholding in Class A common stock. On March 3, 2026, he acquired 28,986 shares as an annual bonus for the fiscal year ended December 31, 2025.

To cover income tax withholding on this stock bonus, the issuer withheld 10,260 shares at $22.29 per share, reducing Bradford’s directly held Class A shares to 185,296. An additional 10,000 shares are held indirectly through a revocable trust for his spouse.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Hale Bradford

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	28,986	$0.00	$0.00
Exercise Price or Tax Liability	Class A Common Stock	10,260	$22.29	$229K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 185,296 shares (Direct); Class A Common Stock — 10,000 shares (Indirect, By Spouse)

Footnotes (3)

1. F1. These shares of Class A common stock were received by the reporting person as an annual bonus payment for the fiscal year ended December 31, 2025.
2. F2. Represents shares of Class A common stock withheld by the issuer to satisfy income tax withholding obligations in connection with the issuance of the shares of Class A common stock as disclosed in footnote 1.
3. F3. These securities are directly held by the Amy W. Hale Revocable Trust dated July 28, 2009, of which Amy W. Hale, the reporting person's spouse, serves as sole trustee.

FAQ

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What insider transactions did BWIN CFO Hale Bradford report on this Form 4?

Hale Bradford reported receiving a stock bonus and a related tax withholding. He was granted 28,986 Class A shares as an annual bonus, while 10,260 shares were withheld by Baldwin Insurance Group to satisfy income tax obligations tied to that award.

How many Baldwin Insurance Group (BWIN) shares does the CFO now hold directly and indirectly?

After these transactions, Hale Bradford directly holds 185,296 Class A shares. He also has indirect ownership of 10,000 additional Class A shares held by the Amy W. Hale Revocable Trust, where his spouse serves as sole trustee.

Was the BWIN CFO’s Form 4 transaction an open-market stock sale?

No, the disposition was for tax withholding, not an open-market sale. The 10,260 Class A shares were withheld by Baldwin Insurance Group at $22.29 per share to cover income tax obligations arising from the 28,986-share stock bonus grant.

What is the nature of the 28,986-share award reported by BWIN’s CFO?

The 28,986 Class A shares were granted as an annual bonus. Footnotes state these shares were received as bonus compensation for the fiscal year ended December 31, 2025, reflecting equity-based pay rather than a purchase on the open market.

How are the 10,000 indirectly owned BWIN shares held for the CFO?

The 10,000 Class A shares are held via the Amy W. Hale Revocable Trust. This trust, dated July 28, 2009, is managed by Hale Bradford’s spouse as sole trustee, giving him indirect ownership reported on the Form 4.

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Accepted by SEC EDGAR 03/05/2026 - 05:46 PM Learn about SEC filing dates

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^*

Hale Bradford

(Last) (First) (Middle)

C/O THE BALDWIN INSURANCE GROUP, INC.

4211 W. BOY SCOUT BLVD., SUITE 800

(Street)

TAMPA FL 33607

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)	X	Other (specify below)
	Chief Financial Officer		Member of 10% owner group

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

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

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

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

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	03/03/2026		A		28,986(1)	A	$0	195,556	D
Class A Common Stock	03/03/2026		F		10,260(2)	D	$22.29	185,296	D
Class A Common Stock								10,000	I	By Spouse(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares of Class A common stock were received by the reporting person as an annual bonus payment for the fiscal year ended December 31, 2025.

2. Represents shares of Class A common stock withheld by the issuer to satisfy income tax withholding obligations in connection with the issuance of the shares of Class A common stock as disclosed in footnote 1.

3. These securities are directly held by the Amy W. Hale Revocable Trust dated July 28, 2009, of which Amy W. Hale, the reporting person's spouse, serves as sole trustee.

Remarks:

	/s/ Seth Cohen, as Attorney-in-Fact, for Bradford Hale	03/05/2026
	** 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.