Cohen Seth Bala 4

What Happened Seth Bala Cohen, General Counsel of Baldwin Insurance Group, had a total of 800 shares withheld by the issuer to satisfy income tax withholding related to the vesting of restricted Class A common stock. The withholding occurred on 2026-03-15 in three withholding events (254, 283 and 263 shares) at $21.06 per share, with aggregate proceeds of $16,848. The Form 4 reports these as "Payment of exercise price or tax liability (F)" and lists the shares as disposed for tax withholding purposes.

Key Details

• Transaction date: 2026-03-15; Form 4 filed 2026-03-17 (within the typical 2-business-day reporting window).
• Per-share price in each withholding event: $21.06.
• Share amounts withheld: 254, 283, and 263 shares (total 800 shares); total value ≈ $16,848.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1–F3 indicate the withheld shares relate to vested restricted Class A shares from prior Form 4 filings dated April 3, 2024 (F1), April 4, 2023 (F2), and April 5, 2022 (F3).
• Transaction code F = tax withholding (cashless withholding), not an open-market sale.

Context These entries reflect standard tax-withholding when restricted shares vest — the company retains (withholds) a portion of the vested shares to cover the officer's income tax liability. Such withholdings are routine and do not necessarily signal the insider's view on the company’s prospects.