Form 4: Hagerty CEO Files Ownership Change
Insider Transaction Filing
McKeel Hagerty, CEO of Hagerty Inc., reported a transaction involving Class A Common Stock, impacting his beneficial ownership.
Summary
- McKeel Hagerty, CEO and Director of Hagerty, Inc., reported a transaction on April 1, 2026.
- This transaction involved 82,868 shares of Class A Common Stock.
- These shares were withheld for taxes upon the vesting of restricted stock units (RSUs).
- Following this transaction, Hagerty beneficially owns 1,037,740 shares of Class A Common Stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard insider transaction related to executive compensation and tax obligations, rather than a significant strategic event.
Positives
- Vesting of restricted stock units indicates employee/executive compensation and potential alignment with company performance.
- The CEO continues to hold a significant number of shares (1,037,740) directly, suggesting continued confidence in the company.
Negatives
- A portion of shares (82,868) were withheld for taxes, representing a disposition of equity.
Future Outlook
This filing does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive compensation and ownership changes within publicly traded companies.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | McKeel Hagerty granted power of attorney to Diana Chafey, John Armbruster, Kieron Lake, and Tracey Derenzy to execute and file Forms 3, 4, and 5 on his behalf. | 04/28/2025 | Facilitates timely and accurate reporting of insider transactions by delegating administrative tasks. |
Stakeholder Impact
- Shareholders: Increased transparency regarding executive ownership and compensation structure.
- Employees: Vesting of RSUs can be a positive incentive, though tax withholding represents a reduction in immediate net proceeds.
- Management: Standard administrative process for fulfilling reporting obligations.
Key Dates
| Date | Description |
|---|---|
| 04/01/2026 | Transaction Date for Class A Common Stock withheld for taxes upon vesting of RSUs. |
| 04/03/2026 | Date of signature for the Power of Attorney. |
| 04/28/2025 | Effective date of the Power of Attorney. |
Keywords
Hagerty Inc., HGTY, Form 4, SEC Filing, Insider Transaction, Class A Common Stock, Restricted Stock Units, RSU Vesting, Tax Withholding, Beneficial Ownership
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