Form 4: Hagerty Inc. Chief Legal Officer Diana Chafey Reports Stock Transaction

Diana Chafey, Chief Legal Officer of Hagerty Inc., reports the withholding of 1,076 shares of Class A Common Stock for taxes upon vesting of restricted stock units on October 1, 2024.

Summary

• On October 1, 2024, Diana Chafey, the Chief Legal Officer of Hagerty Inc., had 1,076 shares of Class A Common Stock withheld for taxes.
• This was due to the vesting of restricted stock units (RSUs) as per her RSU award agreement with a grant date of October 1, 2023.
• The price per share was $10.37.
• Following the transaction, Chafey beneficially owns 34,529 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral informational filing. It simply reports a transaction and doesn't inherently indicate positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a standard practice for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring transparency and compliance with SEC regulations.
• Comparable companies in the insurance or automotive enthusiast space would also have similar filings from their officers and directors.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it's a routine tax-related withholding of shares.

Key Dates