Baldwin Trevor 4

What Happened
Trevor Baldwin, CEO of Baldwin Insurance Group, had a total of 1,967 shares disposed (withheld) to satisfy tax withholding obligations tied to the vesting of restricted Class A common stock. The withholding occurred on March 15, 2026, at a price of $21.06 per share: 1,297 shares ($27,315) and 670 shares ($14,110), for a combined value of $41,425. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction dates and prices: 2026-03-15 — 1,297 shares @ $21.06 ($27,315) and 670 shares @ $21.06 ($14,110); total 1,967 shares for $41,425.
• Transaction code: F (shares withheld to satisfy tax withholding).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 — withholding for vesting reported on a Form 4 filed April 5, 2022; F2 — withholding for vesting reported on a Form 4 filed May 5, 2021.
• Filing timeliness: Reported on Form 4 filed March 17, 2026 for transactions on March 15, 2026 (appears timely under Form 4 reporting rules).

Context
This was a routine tax-withholding event associated with the vesting of restricted stock, effectively reducing the insider’s outstanding shares but not representing an active market sale driven by the insider. For retail investors, tax-withholding disposals are common and typically do not signal the same market sentiment as intentional open-market sales or purchases.