Hagerty director receives 11,871-share RSU grant
Kuczinski Anthony J reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Kuczinski Anthony J reported acquisition or exercise transactions in this Form 4 filing.
Hagerty, Inc. director Anthony J. Kuczinski received an equity grant of 11,871 shares of Class A Common Stock in the form of Restricted Stock Units. The RSUs were awarded at no cash price under Hagerty’s 2021 Equity Incentive Plan.
The RSUs vest on April 1, 2027, as long as Kuczinski continues serving the company, with exceptions for death or disability. After this grant, he directly holds 59,148 shares of Hagerty Class A Common Stock, reflecting his ongoing equity-based compensation and alignment with shareholders.
Positive
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Negative
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Insider Trade Summary
Grant/Award: 11,871 shares
Grant/Award
1 txn
Insider
Kuczinski Anthony J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 11,871 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 59,148 shares (Direct)
Footnotes (1)
- 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.
Key Figures
RSU grant size: 11,871 shares
Grant price: $0.00 per share
Post-transaction holdings: 59,148 shares
+1 more
4 metrics
RSU grant size
11,871 shares
Restricted Stock Units of Class A Common Stock granted
Grant price
$0.00 per share
Reported transaction price for RSU award
Post-transaction holdings
59,148 shares
Direct Class A Common Stock held after grant
RSU vesting date
April 1, 2027
Scheduled vesting date for 11,871 RSUs
Key Terms
Restricted Stock Units, 2021 Equity Incentive Plan, Class A Common Stock, vesting
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"
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.
vesting financial
"The RSUs vest on April 1, 2027, subject to the Reporting Person's continued service"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did Hagerty (HGTY) director Anthony J. Kuczinski report?
Director Anthony J. Kuczinski reported receiving 11,871 Hagerty Class A shares as Restricted Stock Units. This was a compensation grant, not an open-market purchase, awarded under Hagerty’s 2021 Equity Incentive Plan at no cash exercise price.
When do Anthony J. Kuczinski’s newly granted Hagerty (HGTY) RSUs vest?
The 11,871 Restricted Stock Units granted to Anthony J. Kuczinski vest on April 1, 2027. Vesting requires his continued service with Hagerty, with specific exceptions in the event of death or disability under the plan’s terms.
Was Anthony J. Kuczinski’s Hagerty (HGTY) RSU grant an open-market stock purchase?
No, the 11,871-share grant was not an open-market purchase. It represents Restricted Stock Units awarded as equity compensation under Hagerty’s 2021 Equity Incentive Plan, with a reported price of $0.00 per share.
Under which plan were Anthony J. Kuczinski’s Hagerty (HGTY) RSUs granted?
The 11,871 Restricted Stock Units were granted under Hagerty’s 2021 Equity Incentive Plan. This plan provides equity-based awards, aligning directors’ and executives’ interests with shareholders through stock-linked compensation rather than cash.
AI-generated analysis. How Rhea-AI works. Not financial advice.
