Form 4: Hagerty Inc. Director Acquires Shares Through Restricted Stock Units

Director F. Michael Crowley acquired 13,828 shares of Hagerty, Inc. Class A Common Stock through Restricted Stock Units (RSUs) on April 1, 2025.

Summary

• On April 1, 2025, F. Michael Crowley, a director of Hagerty, Inc., acquired 13,828 shares of Class A Common Stock.
• The acquisition was made through Restricted Stock Units (RSUs) under the company's 2021 Equity Incentive Plan.
• The RSUs vest on April 1, 2026, contingent upon Crowley's continued service with Hagerty, Inc., with exceptions for death or disability.
• Following the transaction, Crowley directly owns 42,302 shares of Class A Common Stock.
• The transaction was reported on April 3, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to executive compensation. The director's increased stake could be seen as mildly positive, but it's not a major market-moving event.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The RSUs vest on April 1, 2026, subject to the Reporting Person's continued service with the Issuer, with exceptions for death or disability.

Industry Context

This is a standard SEC Form 4 filing, reflecting a change in beneficial ownership by a company insider. Such filings are common and provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals confidence from a company director.

Key Dates

Keywords

Hagerty, Inc., Director, Crowley, RSUs, Class A Common Stock, Equity Incentive Plan, Beneficial Ownership, Form 4, SEC