Form 4: Hagerty Inc. Director William H. Swanson Reports Acquisition of Restricted Stock Units

Director William H. Swanson reports acquiring 13,828 shares of Class A Common Stock underlying Restricted Stock Units (RSUs) and disposing of 0 shares on April 1, 2025.

Summary

• On April 1, 2025, William H. Swanson, a director of Hagerty, Inc., reported a transaction involving the company's Class A Common Stock.
• Swanson acquired 13,828 shares underlying Restricted Stock Units (RSUs) under the company's 2021 Equity Incentive Plan.
• These RSUs vest on April 1, 2026, contingent upon Swanson's continued service with Hagerty, Inc., with exceptions for death or disability.
• Swanson also reported beneficial ownership of 42,302 shares of Class A Common Stock held directly and 414,400 shares held indirectly through The William and Cheryl Swanson Revocable Trust UTD 9/28/2000, of which he is trustee.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director increasing their stake in the company through RSUs, indicating confidence. However, it's a routine transaction.

Positives

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

Future Outlook

The vesting of the RSUs is contingent upon continued service, aligning the director's interests with the long-term success of the company.

Industry Context

This filing is a routine disclosure related to insider transactions and provides transparency to investors regarding the holdings of company directors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.

Key Dates

Keywords

Form 4, Hagerty, Inc., Director, William H. Swanson, Restricted Stock Units, Class A Common Stock, Equity Incentive Plan, Beneficial Ownership