Form 4: Baldwin Insurance Group's General Counsel, Seth Cohen, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Seth Cohen, General Counsel of Baldwin Insurance Group, reports a transaction involving the withholding of shares to cover income tax obligations related to vesting restricted stock.
Summary
- On August 1, 2024, Seth Cohen, General Counsel of Baldwin Insurance Group, had 1,217 shares of Class A Common Stock withheld by the issuer to satisfy income tax obligations.
- This withholding was related to the vesting of restricted stock previously reported on a Form 3 filed on February 2, 2022.
- Following the transaction, Cohen beneficially owns 12,596 shares of Class A Common Stock directly.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard tax withholding procedures, with no significant positive or negative implications.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to stock vesting.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax withholding event.
Key Dates
| Date | Description |
|---|---|
| February 2, 2022 | Date of Form 3 filing related to the restricted stock vesting. |
| August 1, 2024 | Date of the transaction involving the withholding of shares for tax obligations. |
| August 2, 2024 | Date of signature for the Form 4 filing. |
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