Form 4: Baldwin Insurance Officer's Routine Tax Withholding
Insider Transaction Report
Baldwin Insurance Group's Chief Accounting Officer, Corbyn N. Lichon, reported shares withheld for tax obligations related to restricted stock vesting.
Summary
- Corbyn N. Lichon, Chief Accounting Officer of Baldwin Insurance Group, Inc. (BWIN), reported transactions on March 15, 2026.
- These transactions involved the disposition of Class A Common Stock to satisfy income tax withholding obligations related to the vesting of restricted stock.
- A total of 389 shares were withheld across four separate vesting events, at a price of $21.06 per share.
- The individual withholdings were 102 shares, 121 shares, 96 shares, and 70 shares.
- Following these transactions, Corbyn N. Lichon beneficially owns 55,258 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral. It reports a routine, non-discretionary transaction related to executive compensation and tax obligations, which typically has no material impact on company sentiment or stock valuation.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that tax withholdings upon the vesting of restricted stock are a standard and routine component of executive compensation plans across various industries. These transactions are typically non-discretionary and do not reflect a change in an insider's investment sentiment.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/05/2021 | Date of Form 4 filing reporting restricted Class A common stock vesting related to 70 shares withheld. |
| 04/05/2022 | Date of Form 4 filing reporting restricted Class A common stock vesting related to 96 shares withheld. |
| 04/04/2023 | Date of Form 4 filing reporting restricted Class A common stock vesting related to 121 shares withheld. |
| 04/03/2024 | Date of Form 4 filing reporting restricted Class A common stock vesting related to 102 shares withheld. |
| 03/15/2026 | Transaction date for shares withheld to satisfy income tax obligations. |
| 03/17/2026 | Date of filing of this Statement of Changes in Beneficial Ownership. |
Recommendation
holdThis Form 4 filing details a routine, non-discretionary transaction where shares were withheld for tax purposes upon the vesting of restricted stock. It does not provide new fundamental information about the company's performance, strategy, or outlook that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as this filing does not alter the existing investment thesis.
Keywords
Baldwin Insurance Group, BWIN, Corbyn N. Lichon, Chief Accounting Officer, Form 4, Insider Transaction, Restricted Stock, Tax Withholding, Equity Compensation
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