Cohen Jay A 4

What Happened
Jay A. Cohen, a director of Baldwin Insurance Group, Inc. (BWIN), was granted 1,207 shares on July 1, 2026. The Form 4 filed on July 2, 2026 reports the transaction as an award/grant (transaction code A) with an acquisition price of $0, indicating these shares were issued as compensation rather than bought on the open market.

Key Details

• Transaction date: 2026-07-01 (reported on Form 4 filed 2026-07-02)
• Transaction type/code: Award/Grant (A)
• Shares acquired: 1,207 shares
• Reported acquisition price: $0 (total reported value $0 on the filing) — common for compensation grants; does not mean zero market value
• Shares owned after transaction: Not specified in the provided filing details
• Notable footnotes/plans: None disclosed in the provided data (no 10b5‑1, tax withholding, or similar notes shown)
• Timeliness: Filing appears timely (filed the next day); not marked late

Context
An "A" code award typically reflects compensation (e.g., restricted stock or RSUs) granted to align directors with shareholder interests; such awards are often subject to vesting or other transfer restrictions and are distinct from open-market purchases. Awards can signal alignment but are routine for executives and directors and do not directly indicate immediate buying pressure.