Form 4: Baldwin Insurance Group Director Transfers Shares to Family Trust

Lowry Baldwin, a director and significant shareholder of Baldwin Insurance Group, transferred shares and LLC Units to the L. Lowry Baldwin Revocable Family Trust in a series of transactions on May 21, 2024.

Summary

• On May 21, 2024, Lowry Baldwin, a director and significant shareholder of Baldwin Insurance Group, engaged in transactions involving Class B Common Stock and LLC Units.
• Baldwin, through BIGH, LLC, distributed 125,000 shares of Class B Common Stock and 125,000 LLC Units to the L. Lowry Baldwin Revocable Family Trust.
• Concurrently, the Baldwin Revocable Trust's ownership of BIGH was reduced.
• Baldwin also transferred 125,000 shares of Class A Common Stock to the trust.
• Additionally, 32,110 shares of Class A Common Stock were sold at an average price of $33.68, and 92,890 shares were sold at an average price of $34.24.
• Following these transactions, Baldwin indirectly owns 13,149,090 shares through BIGH, LLC and directly owns 0 shares, while the trust holds 92,890 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing share transfers and sales. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.

Industry Context

Transactions of this nature are common among corporate insiders and can be related to estate planning, tax optimization, or diversification strategies. The filing provides transparency into the ownership structure of Baldwin Insurance Group.

Related Party Transactions

• The transfer of shares and LLC Units to the L. Lowry Baldwin Revocable Family Trust, of which Lowry Baldwin is the sole trustee, constitutes a related party transaction.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly altering the ownership structure.
• The transactions do not appear to directly impact employees, customers, suppliers, or creditors.

Key Dates