Form 4: Baldwin Insurance Group Holdings Distributes and Transfers Ownership of BRP Group Securities

Baldwin Insurance Group Holdings, LLC reports distribution of securities to a member and transfer to the L. Lowry Baldwin Revocable Trust, impacting ownership of BRP Group, Inc. Class B Common Stock and LLC Units.

Summary

• On March 11, 2024, Baldwin Insurance Group Holdings, LLC distributed 2,117,388 Class B Common Stock and corresponding LLC Units to a member, reducing the member's ownership in the reporting person.
• The reporting person's direct ownership of Class B Common Stock decreased from 13,374,090 to 13,274,090 after a transfer of 100,000 shares to the L. Lowry Baldwin Revocable Trust.
• The transfer to the Baldwin Revocable Trust was exempt from Section 16 pursuant to Rule 16a-13.
• Each LLC Unit, paired with a Class B common stock share, can be exchanged for one share of Class A common stock at any time.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.

Industry Context

This filing reflects changes in beneficial ownership, which is a common occurrence in publicly traded companies and often related to internal restructuring or estate planning.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership structure, but the overall impact is likely minimal.

Key Dates