Form 4: Laura Sherman Reports Changes in Beneficial Ownership of Baldwin Insurance Group, Inc. (BWIN)

Laura Sherman, a member of a 10% owner group, reports changes in her beneficial ownership of Baldwin Insurance Group, Inc. stock and LLC Units due to trust-related transactions.

Summary

• On October 3, 2024, Laura Sherman reported several transactions involving Class B Common Stock and LLC Units of Baldwin Insurance Group, Inc.
• These transactions involved both acquisitions and dispositions of securities held directly and indirectly through trusts.
• Specifically, 3,036 shares of Class B Common Stock were disposed of at $0 and 3,036 shares were acquired at $0.
• Additionally, 57,956 shares of Class B Common Stock were disposed of at $0.
• On October 4, 2024, 3,036 shares of Class B Common Stock were disposed of at $0 and 3,036 shares were acquired at $0.
• Laura Sherman's beneficial ownership following these transactions includes 2,236,218 shares held indirectly by trust.
• Similar transactions occurred with LLC Units in The Baldwin Insurance Group Holdings, LLC, which are exchangeable for Class A Common Stock.
• The reporting person serves as the sole trustee for the Laura R. Sherman Trust, GRAT 2019-2 Dated September 30, 2019, and the Laura R. Sherman Trust, dated April 15, 2019.
• The reporting person is a member of a 10% owner group.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing. It simply reports transactions and doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by an insider, which is a common occurrence in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of key individuals.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal given the size of the transactions relative to the total outstanding shares.

Key Dates