Form 4: Hagerty Inc. Director Mika Salmi Acquires Restricted Stock Units

Director Mika Salmi acquired 9,836 shares of Class A Common Stock underlying Restricted Stock Units (RSUs) in Hagerty, Inc.

Summary

• On April 1, 2024, Mika Salmi, a director of Hagerty, Inc., acquired 9,836 shares of Class A Common Stock underlying Restricted Stock Units (RSUs).
• The RSUs were acquired under the Issuer's 2021 Equity Incentive Plan.
• These RSUs vest on April 1, 2025, contingent upon Salmi's continued service with Hagerty, Inc., with exceptions for death or disability.
• Following the transaction, Salmi 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 on Salmi's behalf.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard equity compensation practices, indicating confidence in the company's future.

Positives

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

Future Outlook

The vesting of the RSUs on April 1, 2025, is contingent upon the Reporting Person's continued service with the Issuer.

Industry Context

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

Stakeholder Impact

• The acquisition of RSUs by a director can positively influence shareholder sentiment.

Key Dates