Form 4: Hagerty Inc. Executive Collette Champagne Reports Acquisition and Disposal of Class A Common Stock

Collette Champagne, CHRO and CAO of Hagerty, Inc., reports the acquisition of 27,655 shares and disposal of 21,177 shares of Class A Common Stock on April 1, 2025, related to vesting of restricted stock units.

Summary

• On April 1, 2025, Collette Champagne, CHRO and CAO of Hagerty, Inc., reported transactions involving Class A Common Stock.
• She acquired 27,655 shares of Class A Common Stock related to the vesting of restricted stock units (RSUs) under the company's 2021 Equity Incentive Plan.
• Simultaneously, she disposed of 21,177 shares of Class A Common Stock to cover tax obligations associated with the RSU vesting at a price of $9.08 per share.
• Following these transactions, Champagne directly owns 274,743 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects routine transactions related to executive compensation. It doesn't indicate any particularly positive or negative sentiment.

Future Outlook

The RSUs vest in equal amounts on each annual-anniversary of the grant date ending on April 1, 2028, subject to the Reporting Person's continued service with the Issuer, with exceptions for death, disability, or retirement terminations, or a change of control of the Issuer.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be an indicator of management's confidence in the company's prospects.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates

Keywords

Form 4, Hagerty, Inc., HGTY, Collette Champagne, Class A Common Stock, Restricted Stock Units, RSUs, Equity Incentive Plan, Beneficial Ownership, CHRO, CAO