Form 4: Baldwin Insurance Officer Sells Shares for Tax Obligations

Baldwin Insurance Group's Chief Accounting Officer, Corbyn N. Lichon, disposed of 85 shares of Class A Common Stock to cover tax withholding obligations.

Summary

• Corbyn N. Lichon, Chief Accounting Officer of Baldwin Insurance Group, Inc. (BWIN), reported a transaction involving Class A Common Stock.
• On January 1, 2026, 85 shares of Class A Common Stock were disposed of at a price of $24.03 per share.
• This disposal was identified with transaction code 'F', indicating shares withheld by the issuer to satisfy income tax withholding obligations.
• The transaction is related to the vesting of restricted stock previously reported on a Form 4 filed on March 4, 2025.
• Following this transaction, Corbyn N. Lichon beneficially owns 46,672 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction for tax withholding purposes, which is neutral in sentiment and does not reflect positively or negatively on the company's performance or outlook.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

This is a routine insider transaction filing (Form 4) common across all industries for executives receiving equity compensation. It reflects standard tax compliance procedures for vested restricted stock and does not provide insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not indicate a change in management's confidence or company fundamentals.
• Employees: Reflects standard equity compensation and tax withholding practices for executives.

Key Dates

Keywords

Baldwin Insurance Group, BWIN, Corbyn N. Lichon, Chief Accounting Officer, Insider Transaction, Form 4, Stock Disposal, Tax Withholding, Restricted Stock, Equity Compensation