How Baldwin was paid
$5.3M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Trevor BaldwinChief Executive Officer | $400,000 | $3,068,032 | $1,785,000 | — | $5,253,032 |
| Bradford HaleChief Financial Officer | $300,000 | $1,380,595 | $672,188 | $20,240 | $2,373,023 |
| Daniel GalbraithPresident, The Baldwin Group and CEO, Retail Brokerage Operations | $300,000 | $1,380,595 | $670,500 | $22,300 | $2,373,395 |
| Jim RochePresident, The Baldwin Group and CEO, Underwriting, Capacity & Technology Operations | $300,000 | $1,380,595 | $807,188 | $12,000 | $2,499,783 |
| Seth CohenGeneral Counsel | $300,000 | $613,556 | $448,125 | $11,841 | $1,373,522 |
What changed and why
- $5.3MCEO Trevor Baldwin received total compensation of $5,253,032 in 2025, representing a decrease from $5,707,414 in 2024.
- $1.5BTotal revenue grew 8% to $1.5 billion, accompanied by industry-leading organic revenue growth of 7%.
- Annual incentives were based on organic revenue growth, adjusted EBITDA, and personal objectives.
- Long-term incentives for NEOs consisted entirely of performance stock units with a three-year performance period.
- 97%Say-on-pay received 97% support from shareholders at the previous annual meeting.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.