Form 4: Hagerty Inc. Executive Reports Changes in Beneficial Ownership

Kenneth Ahn, President of Hagerty Marketplace, reports acquisition and disposal of Class A Common Stock due to RSU vesting and tax withholding.

Summary

• Kenneth Ahn, President of Hagerty Marketplace, filed a Form 4 detailing changes in his beneficial ownership of Hagerty, Inc. stock.
• On April 1, 2025, Ahn acquired 24,890 shares of Class A Common Stock through the vesting of restricted stock units (RSUs) under the company's 2021 Equity Incentive Plan.
• On the same day, 10,568 shares of Class A Common Stock were withheld for taxes upon the vesting of these RSUs at a price of $9.08 per share.
• Following these transactions, Ahn directly owns 113,593 shares of Class A Common Stock.
• The RSUs vest in equal amounts annually until April 1, 2028, contingent upon continued service with the Issuer, with exceptions for death, disability, retirement, or a change of control.

Sentiment

Score: 5

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

Future Outlook

The remaining RSUs will continue to vest annually until April 1, 2028, 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 transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates

Keywords

Form 4, Beneficial Ownership, Hagerty Inc., HGTY, Kenneth Ahn, RSU, Stock, Vesting