Form 4: Baldwin Insurance Group General Counsel, Seth Cohen, Reports Stock Transactions

Seth Cohen, General Counsel of Baldwin Insurance Group, reports acquisition of shares through PSU settlement and disposition of shares to cover tax obligations.

Summary

• On February 19, 2025, Seth Cohen, General Counsel of Baldwin Insurance Group, acquired 16,485 shares of Class A common stock upon settlement of performance-based restricted stock units (PSUs) granted in 2022.
• These PSUs settled based on the achievement of predetermined performance goals.
• On the same day, Cohen disposed of 4,192 shares of Class A common stock at a price of $40.85 to satisfy income tax withholding obligations related to the PSU settlement.
• Following these transactions, Cohen beneficially owns 21,106 shares of Class A common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document reports routine stock transactions related to executive compensation.

Positives

• The settlement of performance-based restricted stock units indicates that predetermined performance goals were achieved.

Negatives

• The disposition of shares to cover tax obligations reduces the reporting person's holdings.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in insider ownership.

Key Dates

Keywords

Form 4, Beneficial Ownership, Seth Cohen, Baldwin Insurance Group, BWIN, Class A Common Stock, PSU, Performance-Based Restricted Stock Units, Tax Withholding