Form 4: Baldwin Insider Distributes Shares

Lowry Baldwin, a Director and 10% owner of Baldwin Insurance Group, Inc., reported a distribution of 35,000 Class B Common Stock shares and LLC Units.

Summary

• Lowry Baldwin, a Director and 10% owner of Baldwin Insurance Group, Inc. (BWIN), reported a transaction on March 2, 2026.
• The transaction involved the disposition of 35,000 shares of Class B Common Stock and 35,000 LLC Units in The Baldwin Insurance Group Holdings, LLC.
• These securities were distributed to a member of BIGH, LLC in exchange for a corresponding reduction in that member's ownership of BIGH.
• The reported price for both dispositions was $0.
• Following the transaction, Lowry Baldwin's indirect beneficial ownership through BIGH, LLC is 12,537,590 shares of Class B Common Stock and 12,537,590 LLC Units.
• Each LLC Unit, together with a share of Class B common stock, is exchangeable into one share of Class A common stock and does not expire.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, reflecting an internal ownership adjustment within an LLC rather than a direct market transaction indicating bullish or bearish sentiment towards the company's prospects.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, even distributions, are routinely monitored by investors for insights into management's confidence and ownership structure, though this specific transaction appears to be an internal restructuring within an LLC rather than a market sale.

Related Party Transactions

• Distribution of securities from BIGH, LLC (an entity in which Lowry Baldwin has an interest and is a 10% owner) to one of its members, in exchange for a reduction in that member's ownership of BIGH.

Stakeholder Impact

• Minimal direct impact on public shareholders as this is an internal ownership adjustment within an entity holding company shares, not a market sale or purchase.
• Impacts the ownership structure within BIGH, LLC, affecting its members.

Key Dates

Recommendation

The filing details an internal ownership adjustment by a director and 10% owner, Lowry Baldwin, involving a distribution of shares and LLC units within BIGH, LLC. This transaction, occurring at a $0 price and not representing a market sale or purchase, does not provide new information to warrant a change in investment stance. It is a neutral event from a company performance perspective, thus a 'hold' recommendation is appropriate.

Keywords

Baldwin Insurance Group, BWIN, Form 4, Insider Transaction, Lowry Baldwin, Class B Common Stock, LLC Units, Beneficial Ownership, Director, 10% Owner