Hagerty (HGTY) CIO awarded RSUs, now holds 131,743 shares
Rhea-AI Filing Summary
Hagerty, Inc. Chief Information Officer Russell Andrew Page reported equity compensation activity involving the company’s Class A Common Stock. He acquired 30,865 shares through restricted stock units granted under Hagerty’s 2021 Equity Incentive Plan at no cash cost.
The RSUs vest in equal amounts on each annual anniversary of the grant date through April 1, 2029, as long as he continues serving the company, with special provisions for death, disability, retirement, or a change of control. To cover tax obligations on RSU vesting, 11,146 shares were withheld at $10.66 per share. After these transactions, he directly holds 131,743 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Page Russell Andrew
Role
Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 30,865 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 11,146 | $10.66 | $119K |
Holdings After Transaction:
Class A Common Stock — 142,889 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.
Key Figures
RSU shares granted: 30,865 shares
Grant price: $0.00 per share
Shares withheld for taxes: 11,146 shares
+3 more
6 metrics
RSU shares granted
30,865 shares
Class A Common Stock RSUs granted on April 1, 2026
Grant price
$0.00 per share
RSU acquisition cost for 30,865 shares
Shares withheld for taxes
11,146 shares
Withheld upon RSU vesting under award agreements
Tax withholding price
$10.66 per share
Value used for 11,146 withheld shares
Shares owned after transactions
131,743 shares
Direct Class A Common Stock holdings post‑transaction
RSU vesting end date
April 1, 2029
Final annual-anniversary vesting date for granted RSUs
Key Terms
restricted stock units, 2021 Equity Incentive Plan, vest in equal amounts, change of control, +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
"under the Hagerty, Inc. (the "Issuer") 2021 Equity Incentive Plan (the "Plan")"
vest in equal amounts financial
"The RSUs vest in equal amounts on each annual-anniversary of the grant date"
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.
withheld for taxes financial
"Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of RSUs"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Hagerty (HGTY) CIO Russell Andrew Page report in this Form 4?
He reported equity compensation activity, mainly a grant of 30,865 restricted stock unit shares of Class A Common Stock. These RSUs were awarded under Hagerty’s 2021 Equity Incentive Plan and vest annually through April 1, 2029, contingent on his continued service with the company.
How do the Hagerty (HGTY) RSUs granted to the CIO vest over time?
The RSUs vest in equal amounts on each annual anniversary of the April 1, 2026 grant date, ending April 1, 2029. Vesting depends on his continued service, with exceptions in the case of death, disability, retirement, or a change of control at Hagerty, Inc.