Hagerty (NYSE: HGTY) CLO receives RSUs, ESPP shares and tax withholding
Rhea-AI Filing Summary
Hagerty, Inc. Chief Legal Officer Diana Chafey reported equity compensation activity in Class A Common Stock. She received 23,742 shares underlying restricted stock units granted under the 2021 Equity Incentive Plan, which vest in equal amounts on each annual anniversary of the grant date through April 1, 2029, subject to continued service and certain exceptions.
She also acquired 1,165 shares through the Employee Stock Purchase Plan for the offering period from October 1, 2025 through March 31, 2026. In connection with RSU vesting, 4,833 shares were withheld to cover tax obligations. After these transactions, she directly holds 77,008 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Chafey Diana
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,165 | $10.13 | $12K |
| Grant/Award | Class A Common Stock | 23,742 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 4,833 | $10.66 | $52K |
Holdings After Transaction:
Class A Common Stock — 77,008 shares (Direct)
Footnotes (1)
- Represents shares of Class A Common Stock of Hagerty, Inc. ("Class A Common Stock") underlying restricted stock units ("RSUs") acquired by the Reporting Person under the Hagerty, Inc. (the "Issuer") 2021 Equity Incentive Plan (the "Plan"). The RSUs vest in equal amounts on each annual-anniversary of the grant date ending on April 1, 2029, 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. Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of RSUs pursuant to various RSU award agreements. Shares acquired pursuant to the Hagerty, Inc. Employee Stock Purchase Plan ("ESPP") for the ESPP offering period of October 1, 2025 through March 31, 2026. In accordance with the ESPP, the per share price paid for these shares was an amount equal to 95% of the closing price of the Issuer's stock on April 1, 2026.
Key Figures
RSU grant shares: 23,742 shares
ESPP shares acquired: 1,165 shares
Tax-withheld shares: 4,833 shares
+3 more
6 metrics
RSU grant shares
23,742 shares
Restricted stock units under 2021 Equity Incentive Plan
ESPP shares acquired
1,165 shares
ESPP period October 1, 2025 to March 31, 2026
Tax-withheld shares
4,833 shares
Withheld for taxes upon RSU vesting
Shares after transactions
77,008 shares
Direct holdings of Class A Common Stock following reported activity
RSU vesting end date
April 1, 2029
Final annual vesting date for RSU grant
ESPP discount
95% of closing price
Purchase price vs. closing price on April 1, 2026
Key Terms
restricted stock units, 2021 Equity Incentive Plan, Employee Stock Purchase Plan, tax-withholding disposition, +1 more
5 terms
restricted stock units financial
"underlying restricted stock units ("RSUs") acquired by the Reporting Person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2021 Equity Incentive Plan financial
"acquired by the Reporting Person under the Hagerty, Inc. (the "Issuer") 2021 Equity Incentive Plan"
Employee Stock Purchase Plan financial
"Shares acquired pursuant to the Hagerty, Inc. Employee Stock Purchase Plan ("ESPP")"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
tax-withholding disposition financial
"withheld for taxes upon vesting of RSUs pursuant to various RSU award agreements"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
change of control financial
"with exceptions for death, disability, or retirement terminations, or a change of control of the Issuer"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Hagerty (HGTY) Chief Legal Officer Diana Chafey report in this Form 4?
Diana Chafey reported routine equity compensation activity, including new restricted stock units, shares bought through the employee stock purchase plan, and shares withheld to cover taxes. These transactions adjusted her direct holdings of Hagerty Class A Common Stock.
How do Diana Chafey’s new RSUs at Hagerty (HGTY) vest over time?
The 23,742 RSU shares vest in equal amounts on each annual anniversary of the grant date ending on April 1, 2029. Vesting depends on her continued service, with exceptions for death, disability, retirement, or a change of control at Hagerty, Inc.