4/A: Hagerty CEO McKeel Hagerty Amends Form 4 Filing to Reflect Tax Withholding on RSU Vesting

McKeel Hagerty, CEO of Hagerty, Inc., amended a previous Form 4 filing to accurately reflect the number of Class A Common Stock shares withheld for taxes upon the vesting of restricted stock units (RSUs) on April 1, 2024.

Summary

• This Form 4/A is an amendment to a previous Form 4 filed by McKeel Hagerty, CEO of Hagerty, Inc.
• The amendment clarifies the number of Class A Common Stock shares withheld for taxes upon the vesting of RSUs on April 1, 2024.
• On April 1, 2024, Hagerty acquired 92,896 shares of Class A Common Stock underlying RSUs, vesting annually until April 1, 2027.
• A total of 156,909 shares of Class A Common Stock were withheld for taxes at a price of $9.13 per share upon the vesting of RSUs on April 1, 2024.
• Following the reported transactions, Hagerty beneficially owns 1,219,842 shares of Class A Common Stock directly and 1,376,751 shares of Class A Common Stock indirectly.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. The amendment suggests a commitment to accuracy and transparency, which is viewed positively.

Industry Context

Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• Shareholders may be interested in the details of insider transactions, as they provide insights into management's perspective on the company's stock.

Key Dates