Form 4: Hagerty Inc. Director Laurie Harris Sells Shares to Cover Tax Obligations

Director Laurie Harris sold 4,119 shares of Hagerty, Inc. Class A Common Stock on June 13, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On June 13, 2024, Laurie Harris, a director of Hagerty, Inc. (HGTY), sold 4,119 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $10.14 per share, with individual trades ranging from $9.88 to $10.32.
• The transaction was conducted automatically under a pre-arranged Rule 10b5-1 trading plan adopted on March 14, 2024.
• The sale was a 'sell to cover' transaction to satisfy tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Laurie Harris directly owns 20,455 shares of Hagerty, Inc.

Sentiment

Score: 5

Explanation: The document reflects a neutral sentiment as it reports a routine transaction related to tax obligations. It doesn't indicate any positive or negative outlook for the company.

Future Outlook

There is no future outlook provided in this document.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It doesn't necessarily reflect a change in the director's confidence in the company's prospects.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but the transaction is explained as a routine tax-related sale.

Key Dates