Baldwin Insurance Group, Inc. General Counsel Seth Bala Cohen reported equity compensation activity in Class A common stock. On March 3, 2026, he received 19,324 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 7,217 shares. After these transactions, Cohen directly owned 29,824 shares of Class A common stock.
Baldwin Insurance Group, Inc. officer James Morgan Roche reported receiving 34,807 shares of Class A common stock on March 3, 2026 as an annual bonus for the fiscal year ended December 31, 2025. The shares were granted at a stated price of $0.00 per share.
On the same date, 14,679 shares of Class A common stock were withheld by the company at $22.29 per share to cover income tax withholding obligations related to this bonus grant. After these transactions, Roche directly owned 322,938 shares of Class A common stock.
Baldwin Insurance Group, Inc. executive Daniel Galbraith reported share-based compensation and a related tax withholding transaction in Class A common stock. He received 28,913 shares on March 3, 2026 as an annual bonus for the fiscal year ended December 31, 2025, at a stated price of $0.00 per share. To cover income tax withholding obligations tied to this bonus, 10,232 shares were withheld by the company at $22.29 per share. After these transactions, Galbraith directly owned 44,444 shares of Class A common stock.
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.
Baldwin Insurance Group, Inc. Chief Executive Officer Trevor Baldwin received an award of 76,972 shares of Class A common stock as an annual bonus for the fiscal year ended December 31, 2025. The award was granted at a stated price of $0.00 per share.
To cover income tax withholding obligations tied to this stock bonus, the issuer withheld 30,288 shares at $22.29 per share in a tax-withholding disposition. After these transactions, Baldwin directly owns 106,516 shares, and an additional 27,676 shares are held indirectly through the TLB 2020 Trust.
Baldwin Insurance Group director Paul Sparks, through Sparks 5280VC, LLC, reported several indirect transactions in Class A common stock. On March 2 and 3, the LLC made open‑market purchases totaling 44,200 shares at reported prices of $22.96 and $22.10 per share, and a bona fide gift transfer of 30,100 shares.
After these transactions, Sparks 5280VC, LLC held 996,706 shares of Class A stock indirectly attributed to Sparks. Separate indirect holdings include 96,787 shares held by the Paul Sparks Inheritor's Trust and 18,042 shares held in his individual retirement account.
Baldwin Insurance Group, Inc. director and 10% owner Baldwin Lowry reported an internal reallocation of interests tied to BIGH, LLC. BIGH, LLC distributed 35,000 LLC Units in The Baldwin Insurance Group Holdings, LLC and a corresponding 35,000 shares of Class B common stock to one of its members, reducing that member's ownership in BIGH, LLC. Following the transactions, 12,537,590 units and corresponding Class B shares remained indirectly held through BIGH, LLC. Lowry disclaims beneficial ownership of these securities except to the extent of his pecuniary interest. Each LLC Unit, together with a share of Class B common stock, is exchangeable into one share of Class A common stock at any time, and the LLC Units do not expire.
BIGH, LLC, a member of a 10% owner group of Baldwin Insurance Group, Inc., reported an internal reallocation of ownership interests. On March 2, 2026, 35,000 LLC Units in The Baldwin Insurance Group Holdings, LLC and 35,000 shares of Class B common stock were distributed to a member of BIGH, LLC, with no cash consideration reported.
The distribution reduced that member’s ownership in BIGH, LLC while transferring the underlying securities to the member. BIGH, LLC disclaims beneficial ownership of these securities except to the extent of its pecuniary interest. Each LLC Unit, together with a share of Class B common stock, can be exchanged into one share of Class A common stock at any time, and the LLC Units do not expire.
Roche James Morgan reported acquisition or exercise transactions in this Form 4 filing.
Baldwin Insurance Group, Inc. reported that officer James Morgan Roche received a grant of 240,000 shares of Class A common stock at a price of $0.0000 per share. After this award, he directly holds 302,810 shares of Class A common stock.
The 240,000-share award consists of restricted stock that vests in four equal installments on January 1, 2027, January 1, 2028, January 1, 2029 and January 1, 2030, subject to the terms of his restricted stock award agreement and his Second Amended and Restated Employment Agreement dated February 26, 2026.
The Baldwin Insurance Group, Inc. outlines its business model, growth strategy and rising leverage in its annual report. The holding company controls Baldwin Holdings and operates as an independent insurance distributor across commercial, personal, employee benefits, wealth and Medicare lines.
Operations are organized into three groups: Insurance Advisory Solutions, Underwriting, Capacity & Technology Solutions (including the MSI MGA platform and reinsurance/captive activities), and Mainstreet Insurance Solutions, supported by roughly 5,000 colleagues, over three million clients and about 125 offices in 24 states.
As of December 31, 2025, the company reports approximately $1.7 billion of consolidated debt, including $1.006 billion of term loans and $600 million of 7.125% Senior Secured Notes due 2031, with $279.1 million of 2025 debt service, $123.7 million of cash and $477.0 million of revolver availability. Subsequent $600.0 million of incremental term loans and up to $320.0 million of CAC Group-related cash obligations, plus contingent earnouts of up to $50.0 million, feature prominently among risk factors, alongside macroeconomic, competitive, technology, regulatory and seasonality risks.