Hale Bradford 4

What Happened CFO Hale Bradford had a total of 958 shares of Baldwin Insurance Group, Inc. (BWIN) disposed/withheld to satisfy tax obligations in connection with previously vested restricted Class A common stock. The transactions occurred on March 15, 2026: 556 shares at $21.06 each ($11,709) and 402 shares at $21.06 each ($8,466), for a combined value of $20,175. These were share-withholdings for tax purposes (code F), not open-market sales.

Key Details

• Transaction date and prices: March 15, 2026 — 556 shares @ $21.06 and 402 shares @ $21.06.
• Total shares withheld/disposed: 958 shares; total value ≈ $20,175.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 and F2 indicate the withholdings satisfied income tax withholding for restricted Class A shares that vested per prior Form 4s (filed Apr 5, 2022 and May 5, 2021). F3 notes certain securities are held by the Amy W. Hale Revocable Trust (spouse as trustee).
• Filing timing: Form 4 filed March 17, 2026 for a March 15 transaction — appears to be filed promptly.

Context These disposals are routine tax-withholding transactions tied to the vesting of restricted stock (a cashless mechanism where the issuer withholds shares to cover taxes) and are generally not interpreted as a directional buy/sell signal about the company. No open-market sale or new purchase was reported in this filing.