4/A: Hagerty Inc. Executive Paul Rehrig Reports Amended Transaction of Class A Common Stock

Paul Rehrig, President of Hagerty Media & Entertainment, files an amended Form 4/A detailing the withholding of Class A Common Stock for taxes upon vesting of restricted stock units (RSUs).

Summary

• Paul Rehrig, President of Hagerty Media & Entertainment, filed an amended Form 4/A with the SEC.
• The form reports changes in beneficial ownership of Hagerty, Inc. (HGTY) Class A Common Stock.
• On April 1, 2024, Rehrig acquired 44,398 shares underlying restricted stock units (RSUs) at $0.
• On the same date, 24,620 shares were withheld for taxes at a price of $9.13 per share.
• Following these transactions, Rehrig directly owns 185,417 shares of Class A Common Stock.
• The RSUs vest in equal amounts annually until April 1, 2027, subject to continued service.
• The amendment clarifies that the shares were withheld for taxes upon the vesting of RSUs.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions related to executive compensation; it doesn't inherently convey positive or negative sentiment.

Future Outlook

The RSUs vest in equal amounts on each annual-anniversary of the grant date ending on April 1, 2027, 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 for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership, which can influence investor confidence.

Key Dates