Form 4: Baldwin Insurance Group Executive Daniel Galbraith Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Daniel Galbraith, a key executive at Baldwin Insurance Group, reports disposals of Class A Common Stock to cover income tax withholding obligations related to vesting restricted stock.
Summary
- Daniel Galbraith, President of The Baldwin Group and CEO of Retail Brokerage Operations, reported the disposal of Class A Common Stock on March 17, 2025.
- The disposals were to cover income tax withholding obligations related to the vesting of restricted Class A common stock.
- 556 shares were disposed of at a price of $39.97, and 402 shares were disposed of at the same price.
- Following these transactions, Galbraith beneficially owns 43,056 shares of Class A Common Stock.
- The transactions were reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing regarding stock disposals for tax purposes, indicating a neutral sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. Disposals to cover tax obligations are typical when restricted stock vests.
Stakeholder Impact
- The stock disposals are unlikely to have a significant impact on shareholders, as they are related to tax obligations and represent a small percentage of Galbraith's holdings.
Key Dates
| Date | Description |
|---|---|
| 04/05/2022 | Date of Form 4 filing related to restricted Class A common stock vesting. |
| 05/05/2021 | Date of Form 4 filing related to restricted Class A common stock vesting. |
| 03/17/2025 | Date of stock disposal transactions. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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