Form 4: BRP Group Executive Daniel Galbraith Executes Stock and Unit Transactions

Daniel Galbraith, President of The Baldwin Group and CEO of Retail Brokerage Operations, reports multiple transactions involving Class A and Class B common stock, as well as LLC Units, primarily through trusts.

Summary

• On May 9 and 10, 2024, Daniel Galbraith, an executive at BRP Group, engaged in several transactions involving the company's stock and LLC Units.
• Galbraith disposed of 70,863 shares of Class A Common Stock at a weighted average price of $30.01, 3,805 shares at $30.48, 1,040 shares at $30.76, and 24,841 shares at $30.11.
• He also disposed of 80,932 shares of Class A Common Stock on May 10, 2024, at a weighted average price of $29.83.
• Concurrently, Galbraith acquired 155,600 shares of Class A Common Stock and disposed of 155,600 shares of Class B Common Stock, both at $0 price.
• These transactions were primarily conducted through the Daniel A. Galbraith Revocable Trust and the Daniel A. Galbraith 2020 Irrevocable Trust.
• Galbraith also reports beneficial ownership of 11,348 shares of Class B Common Stock and corresponding LLC Units through the Daniel A. Galbraith 2020 Irrevocable Trust.
• Following these transactions, Galbraith directly owns 6,285 shares of Class A Common Stock and indirectly owns 80,932 shares of Class A Common Stock, 11,348 shares of Class B Common Stock, and 1,209,644 LLC Units through trusts.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the buying and selling activities of company executives. It allows investors to monitor the actions of key personnel and their potential sentiment towards the company's stock.

Stakeholder Impact

• Shareholders can monitor insider transactions to gain insights into management's perspective on the company's stock value.
• The transactions may have a minor impact on the stock's liquidity and price, depending on the overall market conditions and investor sentiment.

Key Dates