Form 4: Hagerty Inc. Director Acquires Restricted Stock Units

Director F. Michael Crowley acquired 9,836 shares of Class A Common Stock underlying Restricted Stock Units (RSUs) under Hagerty, Inc.'s 2021 Equity Incentive Plan.

Summary

• On April 1, 2024, F. Michael Crowley, a director of Hagerty, Inc., acquired 9,836 shares of Class A Common Stock underlying Restricted Stock Units (RSUs).
• These RSUs were granted under the company's 2021 Equity Incentive Plan.
• The RSUs vest on April 1, 2025, contingent upon Crowley's continued service with Hagerty, Inc., with exceptions for death or disability.
• Following the transaction, Crowley directly owns 28,474 shares of Class A Common Stock.
• A Power of Attorney was executed on February 21, 2024, granting Diana Chafey the authority to file Forms 3, 4, and 5 on Crowley's behalf.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction related to executive compensation. The acquisition of RSUs is generally a positive sign, but it's a routine event.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future.

Future Outlook

The RSUs vest on April 1, 2025, subject to the Reporting Person's continued service with the Issuer, with exceptions for death or disability.

Industry Context

This filing is a routine disclosure related to equity compensation for a company director, common in publicly traded companies.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholder sentiment as it indicates a director's continued commitment to the company.

Key Dates