Form 4: Hagerty CFO Patrick McClymont Acquires Shares

Hagerty Inc. CFO Patrick McClymont reported transactions involving Class A Common Stock, including RSU acquisitions and ESPP purchases.

Summary

• Patrick McClymont, Chief Financial Officer of Hagerty, Inc., reported transactions on April 1, 2026, and April 2, 2026.
• On April 1, 2026, 54,013 shares of Class A Common Stock were acquired under the company's 2021 Equity Incentive Plan as restricted stock units (RSUs). These RSUs vest annually until April 1, 2029, subject to continued service.
• Also on April 1, 2026, 32,388 shares were withheld for taxes upon the vesting of RSUs.
• On April 2, 2026, 962 shares of Class A Common Stock were acquired through the Hagerty, Inc. Employee Stock Purchase Plan (ESPP) at a price of 95% of the closing price on April 1, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports routine insider transactions related to compensation and employee stock purchase plans, rather than significant strategic or financial performance indicators.

Positives

• Acquisition of 54,013 RSUs indicates continued equity incentive for key management.
• Purchase of 962 shares through ESPP at a discount suggests employee participation in company ownership.

Negatives

• Withholding of 32,388 shares for taxes upon RSU vesting represents a reduction in the net shares received by the reporting person.

Future Outlook

The RSUs acquired are subject to vesting over several years, indicating a long-term incentive structure for the CFO.

Industry Context

StockSavvy.ai notes that insider transactions, such as those reported on Form 4, provide insights into management's confidence in the company's future prospects. The acquisition of RSUs and participation in ESPP are common practices for aligning executive interests with shareholder value.

Stakeholder Impact

• Shareholders: The transactions reflect standard executive compensation practices and employee participation, which can align management and employee interests with shareholder value.
• Employees: Participation in the ESPP allows employees to acquire company stock, fostering a sense of ownership.
• Management: The CFO is receiving equity-based compensation and purchasing stock, indicating personal investment in the company.

Next Steps

• Continued vesting of RSUs for Patrick McClymont through April 1, 2029, contingent on continued service.
• Ongoing participation in the Hagerty, Inc. Employee Stock Purchase Plan.

Key Dates

Keywords

Hagerty Inc., HGTY, Form 4, Insider Trading, Equity Incentive Plan, RSU, ESPP, Class A Common Stock, Patrick McClymont, CFO