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

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

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of shares by a director is generally a positive sign, indicating confidence in the company's future. The vesting schedule aligns the director's interests with the long-term success of the company.

Positives

• The acquisition of shares by a director signals confidence in the company's future prospects.
• The vesting schedule tied to continued service aligns the director's interests with the long-term success of the company.

Future Outlook

The vesting of the RSUs on April 1, 2026, is contingent upon the Reporting Person's continued service with the Issuer.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the ownership changes of company insiders.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder confidence.
• The vesting schedule tied to continued service aligns the director's interests with the long-term success of the company, benefiting shareholders.

Key Dates

Keywords

Hagerty Inc., Kay Sabrina, Director, Class A Common Stock, Restricted Stock Units, RSUs, Equity Incentive Plan, Beneficial Ownership, Form 4