Form 4: Baldwin Insurance Group Director Lowry Baldwin Reports Changes in Beneficial Ownership

Lowry Baldwin, a director and member of a 10% owner group at Baldwin Insurance Group, reported multiple transactions involving Class A and Class B common stock, as well as LLC Units, primarily through distributions, acquisitions, and sales via BIGH, LLC and family trusts.

Summary

• Lowry Baldwin, a director at Baldwin Insurance Group, filed a Form 4 detailing changes in beneficial ownership.
• The transactions occurred on May 12, 2025.
• Baldwin engaged in distributions of securities to a member of BIGH, LLC in exchange for a reduction in their ownership of BIGH.
• BIGH, LLC distributed securities to the L. Lowry Baldwin Revocable Family Trust and The Pop Pop Trust, with Baldwin as the sole trustee, in exchange for a reduction in the trusts' ownership of BIGH.
• Baldwin sold 20,304 shares of Class A Common Stock at a weighted average price of $38.79 and 10,946 shares of Class A Common Stock at a weighted average price of $39.38 through the Baldwin Revocable Trust.
• Baldwin sold 20,304 shares of Class A Common Stock at a weighted average price of $38.79 and 10,946 shares of Class A Common Stock at a weighted average price of $39.38 through The Pop Pop Trust.
• The transactions involved Class A and Class B common stock, as well as LLC Units in The Baldwin Insurance Group Holdings, LLC.
• Baldwin's reported beneficial ownership following these transactions includes direct and indirect holdings through BIGH, LLC and family trusts.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transactions may influence shareholder perception of insider activity.
• Employees may be indirectly affected by changes in ownership structure.

Key Dates

Keywords

beneficial ownership, Form 4, Baldwin Insurance Group, BWIN, Lowry Baldwin, BIGH, LLC, Class A Common Stock, Class B Common Stock, LLC Units, Securities Exchange Act