James Roche - Feb 28, 2025 Form 4 Insider Report for Baldwin Insurance Group, Inc. (BWIN)

Role: President, The Baldwin Group and CEO, Underwriting, Capacity and Technology Operations
Signature: /s/ Seth Cohen, as Attorney-in Fact, for James Roche
Stock symbol: BWIN
Transactions as of: Feb 28, 2025
Transactions value $: -$478,746
Form type: 4
Date filed: 3/4/2025, 09:45 PM
Previous filing: Feb 21, 2025
Next filing: Mar 18, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BWIN	Class A Common Stock	Award	$0	+26.8K	+21.51%	$0.00	151K	Feb 28, 2025	Direct	F1
transaction	BWIN	Class A Common Stock	Tax liability	-$479K	-11.6K	-7.7%	$41.14	139K	Feb 28, 2025	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares of Class A common stock were received by the reporting person as an annual bonus payment for the fiscal year ended December 31, 2024.
F2	Represents shares of Class A common stock withheld by the issuer to satisfy income tax withholding obligations in connection with the issuance of the shares of Class A common stock as disclosed in footnote 1.

Remarks:

President, The Baldwin Group and CEO, Underwriting, Capacity and Technology Operations