Hagerty (HGTY) director granted 11,871 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Harris Laurie reported acquisition or exercise transactions in this Form 4 filing.
Hagerty, Inc. director Laurie Harris received an equity award of 11,871 shares of Class A Common Stock in the form of Restricted Stock Units (RSUs). These RSUs were granted under Hagerty’s 2021 Equity Incentive Plan and will vest on April 1, 2027, if Harris continues serving the company, with exceptions for death or disability. After this grant, Harris holds 42,220 shares of Class A Common Stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Harris Laurie
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 11,871 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 42,220 shares (Direct)
Footnotes (1)
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Key Figures
RSUs granted: 11,871 shares
Shares owned after grant: 42,220 shares
Vesting date: April 1, 2027
+1 more
4 metrics
RSUs granted
11,871 shares
Restricted Stock Units of Class A Common Stock granted to Laurie Harris
Shares owned after grant
42,220 shares
Total Class A Common Stock directly owned by Laurie Harris following transaction
Vesting date
April 1, 2027
Scheduled vesting date for the 11,871 RSUs, subject to continued service
Grant price per share
$0.00 per share
RSUs awarded with no cash price per share in the Form 4
Key Terms
Restricted Stock Units, 2021 Equity Incentive Plan, Class A Common Stock
3 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
"RSUs 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.
FAQ
What insider transaction did Hagerty (HGTY) director Laurie Harris report?
Laurie Harris reported receiving 11,871 shares of Class A Common Stock as Restricted Stock Units. The grant is compensation under Hagerty’s 2021 Equity Incentive Plan, not an open-market purchase, and increases Harris’s direct holdings to 42,220 shares of Class A Common Stock.
When do Laurie Harris’s newly granted Hagerty (HGTY) RSUs vest?
The 11,871 Restricted Stock Units granted to Laurie Harris vest on April 1, 2027. Vesting is conditioned on Harris’s continued service with Hagerty, with stated exceptions for death or disability, aligning the director’s compensation with longer-term company performance.
Under which plan were Laurie Harris’s Hagerty (HGTY) RSUs granted?
Laurie Harris’s 11,871 Restricted Stock Units were granted under Hagerty’s 2021 Equity Incentive Plan. This plan provides equity-based compensation, using RSUs that convert into Class A Common Stock if vesting conditions, including continued service to the company, are satisfied.