Hagerty director granted 11,871 RSUs
SWANSON WILLIAM H reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
SWANSON WILLIAM H reported acquisition or exercise transactions in this Form 4 filing.
Hagerty, Inc. director William H. Swanson received a grant of 11,871 shares of Class A Common Stock underlying Restricted Stock Units (RSUs) on April 1, 2026. The RSUs were awarded under the company’s 2021 Equity Incentive Plan at no cash purchase price.
The RSUs vest on April 1, 2027, if he continues to serve the company, with exceptions for death or disability. After this grant, he holds 54,173 Class A shares directly and 414,400 Class A shares indirectly through The William and Cheryl Swanson Revocable Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 11,871 shares
Grant/Award
2 txns
Insider
SWANSON WILLIAM H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 11,871 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 54,173 shares (Direct);
Class A Common Stock — 414,400 shares (Indirect, By Trust)
Footnotes (2)
- F1. Represents shares of Class A Common Stock of Hagerty, Inc. (the "Issuer") underlying Restricted Stock Units ("RSUs") acquired by the Reporting Person under the Issuer's 2021 Equity Incentive Plan. The RSUs vest on April 1, 2027, subject to the Reporting Person's continued service with the Issuer, with exceptions for death or disability.
- F2. These securities are held by The William and Cheryl Swanson Revocable Trust UTD 9/28/2000, of which the Reporting Person is trustee.
Key Figures
RSU grant size: 11,871 shares
Grant price: $0.00 per share
RSU vesting date: April 1, 2027
+2 more
5 metrics
RSU grant size
11,871 shares
Class A Common Stock RSUs granted April 1, 2026
Grant price
$0.00 per share
RSU award under 2021 Equity Incentive Plan
RSU vesting date
April 1, 2027
Vesting conditioned on continued service, with exceptions
Direct holdings after grant
54,173 shares
Class A Common Stock held directly by Swanson
Indirect trust holdings
414,400 shares
Class A Common Stock held by revocable trust
Key Terms
Restricted Stock Units, 2021 Equity Incentive Plan, Revocable Trust, Class A Common Stock
4 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 Issuer's 2021 Equity Incentive Plan"
Revocable Trust financial
"held by The William and Cheryl Swanson Revocable Trust UTD 9/28/2000"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
Class A Common Stock financial
"Represents shares of Class A Common Stock of Hagerty, Inc."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did Hagerty (HGTY) report for William H. Swanson?
Hagerty reported that director William H. Swanson received a grant of 11,871 Class A shares underlying RSUs. The award is part of his equity-based compensation and was made under Hagerty’s 2021 Equity Incentive Plan at no cash purchase price.
When do William H. Swanson’s new Hagerty (HGTY) RSUs vest?
The 11,871 RSUs granted to William H. Swanson vest on April 1, 2027. Vesting depends on his continued service with Hagerty, with exceptions if he dies or becomes disabled, aligning the award with longer-term board tenure and company performance.
Is William H. Swanson’s Hagerty (HGTY) RSU grant an open-market purchase?
No, the Form 4 shows a grant of 11,871 RSUs with a price per share of $0.00. This indicates a compensation-related award by Hagerty under its 2021 Equity Incentive Plan, rather than an open-market purchase with cash paid for the shares.
How are William H. Swanson’s indirect Hagerty (HGTY) holdings structured?
The Form 4 states that 414,400 Hagerty Class A shares are held by The William and Cheryl Swanson Revocable Trust. Swanson is the trustee of this trust, so these holdings are reported as indirect ownership, separate from his 54,173 directly owned shares.
What plan governs William H. Swanson’s new Hagerty (HGTY) RSU award?
The 11,871 RSUs granted to William H. Swanson are issued under Hagerty’s 2021 Equity Incentive Plan. This plan provides equity compensation such as RSUs, helping align director incentives with company performance through share-based awards that vest over time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
