4/A: Hagerty Inc. COO Collette Champagne Amends Form 4 Filing to Reflect Tax Withholding on RSU Vesting

Collette Champagne, COO 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

• Collette Champagne, the Chief Operating Officer of Hagerty, Inc., filed an amended Form 4 (Form 4/A) with the SEC.
• The amendment corrects a previous Form 4 filing from April 3, 2024, regarding the vesting of restricted stock units (RSUs) on April 1, 2024.
• The amended filing clarifies that 27,026 shares of Class A Common Stock were withheld for taxes by the Issuer upon the vesting of RSUs.
• Following the transaction, Champagne directly owns 268,265 shares of Class A Common Stock.
• Champagne also beneficially owns 295,291 shares of Class A Common Stock underlying RSUs, which vest annually until April 1, 2027.
• The RSUs are part of the Hagerty, Inc. 2021 Equity Incentive Plan.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing related to stock transactions. It doesn't contain information that would significantly impact investor sentiment positively or negatively. The amendment indicates attention to detail and compliance.

Industry Context

This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and equity ownership.
• The tax withholding impacts Collette Champagne's net shares received from the RSU vesting.

Key Dates