4/A: Hagerty Inc. Executive Kenneth Ahn Reports Changes in Beneficial Ownership After RSU Vesting

Kenneth Ahn, President of Hagerty Marketplace, reports the acquisition of Class A Common Stock and withholding of shares for taxes upon the vesting of restricted stock units (RSUs).

Summary

• On April 1, 2024, Kenneth Ahn, President of Hagerty Marketplace, acquired 24,590 shares of Class A Common Stock through the vesting of restricted stock units (RSUs) under the company's 2021 Equity Incentive Plan.
• The RSUs vest in equal amounts annually until April 1, 2027, contingent upon continued service with Hagerty, Inc.
• On the same date, 8,276 shares of Class A Common Stock were withheld for taxes at a price of $9.13 per share upon the vesting of the RSUs.
• Following these transactions, Ahn directly owns 99,271 shares of Class A Common Stock.
• This Form 4/A amends a previous Form 4 filed on April 3, 2024, to accurately reflect the tax withholding of shares.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard reporting of stock transactions related to executive compensation.

Positives

• The vesting of RSUs indicates continued alignment of executive compensation with company performance and long-term value creation.

Future Outlook

The RSUs will continue to vest annually until April 1, 2027, subject to the Reporting Person's continued service with the Issuer.

Industry Context

This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction affects the total number of outstanding shares and potentially shareholder equity, although the impact is likely minimal.

Key Dates