KADOW JOSEPH JOHN 4

What Happened
Joseph John Kadow, a director of Baldwin Insurance Group, Inc. (BWIN), was granted 1,207 shares on July 1, 2026. The award is reported on a Form 4 as an acquisition (code A) at $0.00 per share, so the reported aggregate cost is $0.00—indicating equity was issued as an award rather than bought for cash.

Key Details

• Transaction date: 2026-07-01; Form 4 filed: 2026-07-02 (appears timely).
• Transaction type: Grant / Award (Form 4 code A).
• Shares acquired: 1,207 shares at $0.00 per share; total reported cash value $0.00.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes/plan details: None provided in the excerpt.
• Filing timeliness: Filed one day after the transaction; not marked late.

Context
Equity awards recorded at $0.00 are typically compensation grants (e.g., restricted stock or other equity awards); such awards can have vesting conditions or other restrictions—check the company’s proxy statement or subsequent filings for vesting and terms. This is an acquisition (award) rather than a sale; while insider purchases/awards can be informative, awards are often part of routine compensation and don’t alone indicate a change in insider sentiment.