Form 4 for BWIN Baldwin Insurance Group, Inc.
Accepted 2021-12-09 00:00:00 ET · period of report 2021-12-07 · accession 0000950103-21-019588 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2021-12-09 | 2021-12-07 | BWIN | Sherman Laura | Member of 10% owner group | J - Other | $37.94 | -73.2K | 133.6K | -35% | -$2.78M |
| D | 2021-12-09 | 2021-12-07 | BWIN | Sherman Laura | Member of 10% owner group | J - Other | $37.94 | +73.2K | 2.41M | +3% | +$2.78M |
| DI | 2021-12-09 | 2021-12-07 | BWIN | Sherman Laura | Member of 10% owner group | J - Other | $37.94 | -73.2K | 133.6K | -35% | -$2.78M |
| D | 2021-12-09 | 2021-12-07 | BWIN | Sherman Laura | Member of 10% owner group | J - Other | $37.94 | +73.2K | 2.41M | +3% | +$2.78M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class B Common Stock | 2021-12-07 | J | D | 73,170 | $37.94 | 133,578 | I | — | — | (F1) On December 7, 2021, the reporting person withdrew 73,170 shares of BRP Class B Common Stock from an irrevocable trust established for the benefit of her beneficiaries. In exchange for the shares, the reporting person deposited shares of publicly traded stock that is not Issuer stock. The withdrawal of shares from the trust resulted in a decrease in the number of shares the reporting person beneficially owns indirectly through the trust and a corresponding increase in the number of shares the reporting person beneficially owns directly. (F3) The reporting person disclaims beneficial ownership in these securities except to the extent of her pecuniary interest therein. |
| 2 | Common | Class B Common Stock | 2021-12-07 | J | A | 73,170 | $37.94 | 2,407,297 | D By Trusts | — | — | (F1) On December 7, 2021, the reporting person withdrew 73,170 shares of BRP Class B Common Stock from an irrevocable trust established for the benefit of her beneficiaries. In exchange for the shares, the reporting person deposited shares of publicly traded stock that is not Issuer stock. The withdrawal of shares from the trust resulted in a decrease in the number of shares the reporting person beneficially owns indirectly through the trust and a corresponding increase in the number of shares the reporting person beneficially owns directly. (F4) Shares held by the Laura R. Sherman GRAT 2019-2 Dated September 30, 2019, Laura R. Sherman GRAT 2020-1 Dated September 30, 2020, and BNY Mellon, National Association, as Trustee of the Laura R. Sherman Irrevocable Trust of 2019-1. |
| 3 | Derivative | LLC Units in Baldwin Risk Partners, LLC | 2021-12-07 | J | D | 73,170 | $37.94 | 133,578 | I | $0.00 · — to — | 73,170 Class A Common Stock | (F1) On December 7, 2021, the reporting person withdrew 73,170 shares of BRP Class B Common Stock from an irrevocable trust established for the benefit of her beneficiaries. In exchange for the shares, the reporting person deposited shares of publicly traded stock that is not Issuer stock. The withdrawal of shares from the trust resulted in a decrease in the number of shares the reporting person beneficially owns indirectly through the trust and a corresponding increase in the number of shares the reporting person beneficially owns directly. (F3) The reporting person disclaims beneficial ownership in these securities except to the extent of her pecuniary interest therein. (F5) Each LLC Unit, together with one share of Class B Common Stock, may be converted by the holder into one share of Class A Common Stock at any time. The LLC Units do not expire. |
| 4 | Derivative | LLC Units in Baldwin Risk Partners, LLC | 2021-12-07 | J | A | 73,170 | $37.94 | 2,407,297 | D By Trusts | $0.00 · — to — | 73,170 Class A Common Stock | (F1) On December 7, 2021, the reporting person withdrew 73,170 shares of BRP Class B Common Stock from an irrevocable trust established for the benefit of her beneficiaries. In exchange for the shares, the reporting person deposited shares of publicly traded stock that is not Issuer stock. The withdrawal of shares from the trust resulted in a decrease in the number of shares the reporting person beneficially owns indirectly through the trust and a corresponding increase in the number of shares the reporting person beneficially owns directly. (F4) Shares held by the Laura R. Sherman GRAT 2019-2 Dated September 30, 2019, Laura R. Sherman GRAT 2020-1 Dated September 30, 2020, and BNY Mellon, National Association, as Trustee of the Laura R. Sherman Irrevocable Trust of 2019-1. (F5) Each LLC Unit, together with one share of Class B Common Stock, may be converted by the holder into one share of Class A Common Stock at any time. The LLC Units do not expire. |