Lichon Corbyn N. 4

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.