Form 4: Hagerty Insider Trades Class A Stock

Collette Champagne, CHRO and CAO of Hagerty, Inc., reported transactions involving Class A Common Stock, including the acquisition of restricted stock units and the withholding of shares for taxes.

Summary

• Collette Champagne, Chief Human Resources Officer and Chief Administrative Officer of Hagerty, Inc., has reported transactions related to the company's Class A Common Stock.
• On April 1, 2026, Champagne acquired 23,742 shares of Class A Common Stock underlying restricted stock units (RSUs) granted under the 2021 Equity Incentive Plan. These RSUs vest annually until April 1, 2029, subject to continued service.
• Also on April 1, 2026, 28,278 shares of Class A Common Stock were withheld for taxes upon the vesting of RSUs, with a transaction price of $10.66 per share.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily details routine equity compensation and tax-related share withholdings for a key executive, rather than significant strategic shifts or performance indicators.

Positives

• Acquisition of 23,742 RSUs indicates continued equity incentive for key management.
• The vesting schedule for RSUs encourages long-term commitment to the company.

Negatives

• 28,278 shares were withheld for taxes, representing a reduction in immediate shareholding.

Risks

• The RSUs are subject to continued service with the Issuer, with exceptions for death, disability, or retirement terminations, or a change of control of the Issuer, implying potential forfeiture under certain circumstances.

Future Outlook

The RSUs acquired by Collette Champagne are subject to a vesting schedule that extends until April 1, 2029, contingent upon her continued service with Hagerty, Inc.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into the holdings and trades of company executives and directors. This filing details equity-based compensation and tax-related share withholdings, common practices in the automotive enthusiast and insurance industry.

Corporate Governance

Stakeholder Impact

• Shareholders: Increased transparency into executive compensation and equity holdings.
• Employees: The RSU plan indicates a focus on employee incentives and retention.
• Management: Collette Champagne's equity stake is influenced by vesting schedules and tax implications.

Next Steps

• Continued vesting of RSUs for Collette Champagne through April 1, 2029, subject to service conditions.
• Ongoing reporting of any future transactions by Collette Champagne or other insiders as required by Section 16(a).

Key Dates

Keywords

Hagerty Inc, HGTY, Form 4, Insider Trading, Class A Common Stock, Restricted Stock Units, RSUs, Equity Incentive Plan, Collette Champagne, CHRO, CAO, Beneficial Ownership, Securities Exchange Act