Cohen Jay A 4

What Happened
Jay A. Cohen, a director of Baldwin Insurance Group, Inc. (BWIN), received an equity award of 1,221 shares on April 1, 2026. The grant was recorded at $0.00 per share, so the reported cash cost to Cohen for the shares is $0. This transaction is an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-01; filing date: 2026-04-03 (Form 4). Filing appears timely (within required reporting window).
• Transaction type/code: Award/Grant (A). Price reported: $0.00 per share. Total reported cash = $0.
• Shares granted: 1,221.
• Shares owned after transaction: Not specified in the filing provided.
• No footnotes about withholding, 10b5-1 plans, or immediate disposition were included in the supplied data.

Context
Grants to directors are typically part of routine compensation (e.g., board retainer paid in stock or restricted shares) and do not necessarily indicate a buying/selling signal by the insider. The $0.00 price means the shares were issued as compensation rather than purchased on the open market. If you want to assess insider conviction, look for purchases or discretionary sales; for awards, check vesting terms or subsequent sales in later filings.