Form 4: Baldwin Insurance Group Chairman Sells Over $2.3 Million in Company Stock

Lowry Baldwin, Chairman and 10% owner of Baldwin Insurance Group, Inc., reported the sale of 62,500 shares of Class A Common Stock for approximately $2.395 million, executed under a Rule 10b5-1 plan.

Summary

• Lowry Baldwin, who serves as Chairman and is a 10% owner of Baldwin Insurance Group, Inc. (BWIN), reported significant transactions on May 28, 2025.
• The transactions involved the conversion of Class B Common Stock and LLC Units into Class A Common Stock, followed by the sale of the newly acquired Class A shares.
• Specifically, 31,250 shares of Class B Common Stock and 31,250 LLC Units were converted into 31,250 shares of Class A Common Stock through the L. Lowry Baldwin Revocable Family Trust.
• An additional 31,250 shares of Class B Common Stock and 31,250 LLC Units were converted into 31,250 shares of Class A Common Stock through The Pop Pop Trust.
• A total of 62,500 shares of Class A Common Stock were subsequently sold at a weighted average price of $38.32 per share.
• The total proceeds from these sales amounted to approximately $2,395,000.
• The sales were executed in multiple transactions with prices ranging from $38.00 to $38.71, and were made pursuant to a Rule 10b5-1 trading plan.

Sentiment

Score: 3

Explanation: The sale of a significant number of shares by a key insider, while executed under a Rule 10b5-1 plan, can still be perceived negatively by the market as it represents a reduction in insider ownership.

Negatives

• Significant insider selling by Lowry Baldwin, Chairman and a 10% owner, involving 62,500 shares of Class A Common Stock for approximately $2.395 million, which can be perceived negatively by the market.

Risks

• Potential negative market perception and investor sentiment due to the substantial insider stock sale by a key executive and major shareholder, despite being executed under a Rule 10b5-1 plan.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The transactions were conducted indirectly through the L. Lowry Baldwin Revocable Family Trust and The Pop Pop Trust, both controlled by the reporting person, Lowry Baldwin.

Stakeholder Impact

• Shareholders may interpret the significant insider selling as a negative signal, potentially leading to downward pressure on the stock price due to concerns about insider confidence.

Key Dates

Recommendation

Keywords

Baldwin Insurance Group, BWIN, SEC Form 4, Insider Trading, Stock Sale, Beneficial Ownership, Lowry Baldwin, Class A Common Stock, Class B Common Stock, LLC Units, Rule 10b5-1