Lichon Corbyn N. 4

4 · Baldwin Insurance Group, Inc. · Filed Mar 17, 2026

AI-generated summary of this filing

Updated Mar 18, 2026

Baldwin Insurance (BWIN) Chief Accounting Officer Withholds 389 Shares for Taxes

What Happened

Corbyn N. Lichon, Baldwin Insurance Group's Chief Accounting Officer, had a total of 389 shares of Class A common stock withheld by the issuer on March 15, 2026 to satisfy income tax withholding obligations (reported as disposals, Code F). The withholdings were in four blocks: 102, 121, 96 and 70 shares at $21.06 per share, totaling $8,192.

Key Details

Transaction date: March 15, 2026; filing date: March 17, 2026 (filed timely).
Price: $21.06 per share; total value withheld: $8,192 (389 shares).
Transaction type/code: F — shares withheld by issuer to cover tax withholding on vesting of restricted stock (not an open-market sale).
Footnotes: Withholdings correspond to vested restricted Class A shares from prior grants reported on Form 4s filed April 3, 2024; April 4, 2023; April 5, 2022; and May 5, 2021.
Shares owned after the transaction: not specified in the provided filing excerpt.

Context

These were share-withholdings to satisfy tax obligations upon vesting of restricted stock — a routine, administrative disposal by the company, not an open-market sale that typically signals trading intent. For retail investors, tax-withholding disposals generally do not imply a change in insider sentiment.

Form 4

Period: 2026-03-15

Chief Accounting Officer

Transactions

Tax Payment
Class A Common Stock
[F1]
2026-03-15$21.06/sh−102$2,148→ 55,545 total
Tax Payment
Class A Common Stock
[F2]
2026-03-15$21.06/sh−121$2,548→ 55,424 total
Tax Payment
Class A Common Stock
[F3]
2026-03-15$21.06/sh−96$2,022→ 55,328 total
Tax Payment
Class A Common Stock
[F4]
2026-03-15$21.06/sh−70$1,474→ 55,258 total

Footnotes (4)

[F1]Represents shares withheld by the issuer to satisfy income tax withholding obligations in connection with the vesting of restricted Class A common stock reported on a Form 4 filed on April 3, 2024.
[F2]Represents shares withheld by the issuer to satisfy income tax withholding obligations in connection with the vesting of restricted Class A common stock reported on a Form 4 filed on April 4, 2023.
[F3]Represents shares withheld by the issuer to satisfy income tax withholding obligations in connection with the vesting of restricted Class A common stock reported on a Form 4 filed on April 5, 2022.
[F4]Represents shares withheld by the issuer to satisfy income tax withholding obligations in connection with the vesting of restricted Class A common stock reported on a Form 4 filed on May 5, 2021.

Signature

/s/ Seth Cohen, as Attorney-in-Fact, for Corbyn Lichon|2026-03-17

1 file