Hagerty CAO sells shares, covers RSU taxes
Hagerty, Inc. Chief Accounting Officer Kevin M. Delaney reported share dispositions and tax withholding tied to equity compensation.
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Form Type
4
Rhea-AI Filing Summary
Hagerty, Inc. Chief Accounting Officer Kevin M. Delaney reported share dispositions and tax withholding tied to equity compensation. On Class A Common Stock, 2,525 shares were withheld at about $12.06 per share to cover taxes upon vesting of restricted stock units.
He also sold a total of 10,345 shares in open-market transactions at weighted average prices around $12.01–$12.10 per share, at least one of which was executed under a pre-arranged Rule 10b5-1 trading plan. After these transactions, he directly held 87,085 Class A shares.
Insider Trade Summary 10b5-1
Net Seller: 10,345 shares
Net Sell
3 txns
Insider
DELANEY KEVIN M
Role
Chief Accounting Officer
Sold
10,345 shs ($125K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 9,440 | $12.10 | $114K |
| Exercise Price or Tax Liability | Class A Common Stock | 2,525 | $12.06 | $30K |
| Sale | Class A Common Stock | 905 | $12.01 | $11K |
Holdings After Transaction:
Class A Common Stock — 87,085 shares (Direct)
Footnotes (4)
- F1. The reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 5, 2026.
- F2. This transaction was executed in multiple trades at prices ranging from $12.00 to $12.03. The price reported above reflects the weighted average purchase price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3. This transaction was executed in multiple trades at prices ranging from $12.00 to $12.23. The price reported above reflects the weighted average purchase price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
- F4. Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of restricted stock units ("RSUs") pursuant to the RSU Agreement between the Issuer and the Reporting Person dated as of July 1, 2023.
Key Figures
Open-market shares sold: 10,345 shares
Tax-withheld shares: 2,525 shares
Shares sold at $12.10: 9,440 shares at $12.10/share
+3 more
6 metrics
Open-market shares sold
10,345 shares
Class A Common Stock sales reported in Form 4
Tax-withheld shares
2,525 shares
RSU vesting tax withholding on Class A stock
Shares sold at $12.10
9,440 shares at $12.10/share
Open-market sale on Class A Common Stock
Shares sold at $12.01
905 shares at $12.01/share
Open-market sale on Class A Common Stock
Remaining holdings
89,610 shares
Direct Class A Common Stock after reported transactions
Tax-withholding price
$12.06/share
Price for 2,525 shares withheld for RSU taxes
Key Terms
Rule 10b5-1 trading plan, restricted stock units ("RSUs"), Class A Common Stock, weighted average purchase price, +1 more
5 terms
Rule 10b5-1 trading plan financial
"The reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units ("RSUs") financial
"shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of restricted stock units ("RSUs")"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Class A Common Stock financial
"security_title: Class A Common Stock"
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.
weighted average purchase price financial
"The price reported above reflects the weighted average purchase price"
The weighted average purchase price is the average cost per share you paid across multiple buys, calculated so larger purchases count more than smaller ones. Imagine buying apples at different prices: the overall price you effectively paid depends on how many apples you bought at each price. Investors use it to measure true cost basis, calculate gains or losses, decide when to sell, and manage taxes and portfolio performance.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Hagerty (HGTY) CAO Kevin Delaney report?
Kevin Delaney reported tax-related share withholding and open-market sales of Hagerty Class A stock. He had 2,525 shares withheld for taxes on RSU vesting and sold 10,345 shares in open-market trades at weighted average prices around $12 per share.
What portion of Kevin Delaney’s Hagerty (HGTY) transactions were tax withholding?
Out of the reported share movements, 2,525 Hagerty Class A shares were withheld to satisfy tax obligations. The footnotes explain these shares were retained by the company upon vesting of restricted stock units under an RSU Agreement dated July 1, 2023.
What do the price ranges in Kevin Delaney’s Hagerty (HGTY) trades mean?
The trades were executed in multiple lots within stated price ranges, such as $12.00–$12.23 per share. The prices reported in the filing are weighted average purchase prices, and the insider undertakes to provide detailed trade breakdowns to regulators or shareholders upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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