Form 4: Hagerty CFO Patrick McClymont Reports Stock Transactions

Chief Financial Officer Patrick McClymont reports acquisition and disposal of Hagerty, Inc. Class A Common Stock.

Summary

• Patrick McClymont, CFO of Hagerty, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's Class A Common Stock.
• On April 1, 2025, McClymont acquired 62,915 shares of Class A Common Stock through restricted stock units (RSUs) at $0.
• Also on April 1, 2025, 16,489 shares were disposed of to cover taxes at $9.08 per share.
• On April 2, 2025, McClymont acquired 2,007 shares through the Employee Stock Purchase Plan (ESPP) at $8.63 per share.
• Following these transactions, McClymont directly owns 321,857 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: Neutral sentiment. The transactions are part of normal executive compensation and employee stock purchase programs. There is no indication of unusual activity or concern.

Positives

• McClymont's acquisition of shares through RSUs and the ESPP indicates confidence in the company's future.

Negatives

• The disposal of shares to cover taxes reduces McClymont's overall holdings, although this is a common practice.

Future Outlook

The RSUs vest in equal amounts on each annual-anniversary of the grant date ending on April 1, 2028, subject to continued service.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect insider activity related to compensation and employee benefits.

Key Dates

Keywords

Hagerty, McClymont, Class A Common Stock, Form 4, RSU, ESPP, Beneficial Ownership, Insider Trading