McKeel Hagerty - Apr 1, 2022 Form 4 Insider Report for Hagerty, Inc. (HGTY)

Role
Chief Executive Officer, Director
Signature
/s/ Barbara Matthews, SVP, General Counsel and Secretary, by Power of Attorney
Stock symbol
HGTY
Transactions as of
Apr 1, 2022
Transactions value $
$0
Form type
4
Date filed
4/5/2022, 04:31 PM
Previous filing
Dec 13, 2021
Next filing
Apr 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HGTY Class A Common Stock Award $0 +927K $0.00 927K Apr 1, 2022 Direct F1
transaction HGTY Class A Common Stock Award $0 +158K +17% $0.00 1.08M Apr 1, 2022 Direct F2
transaction HGTY Class A Common Stock Award $0 +52.5K +4.84% $0.00 1.14M Apr 1, 2022 Direct F3
transaction HGTY Class A Common Stock Award $0 +158K +13.86% $0.00 1.29M Apr 1, 2022 Direct F4
transaction HGTY Class A Common Stock Award $0 +185 +0.01% $0.00 1.29M Apr 1, 2022 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HGTY Performance Restricted Stock Units Award $0 +3.71M $0.00 3.71M Apr 1, 2022 Class A Common Stock 3.71M $0.00 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Respresents shares of Class A Common Stock of Hagerty, Inc. ("Class A Common Stock") underlying Restricted Stock Units ("RSUs") acquired by the Reporting Person under Hagerty, Inc.'s (the "Issuer") 2021 Equity Incentive Plan (the "Plan"). The RSUs vest in equal amounts on each annual-anniversary of the grant date ending April 1, 2029, subject to the Reporting Person's continued service with the Issuer, with exceptions for death, disability, or retirement.
F2 Respresents shares of Class A Common Stock underlying RSUs acquired by the Reporting Person under the Plan. The RSUs vest in equal amounts on each annual-anniversary of the grant date ending April 1, 2025, subject to the Reporting Person's continued service with the Issuer, with exceptions for death, disability, or retirement.
F3 Respresents shares of Class A Common Stock underlying RSUs acquired by the Reporting Person under the Plan. The RSUs vest on April 1, 2023, subject to the Reporting Person's continued service with the Issuer, with exceptions for death or disability.
F4 Respresents shares of Class A Common Stock underlying RSUs acquired by the Reporting Person under the Plan. The RSUs vest on April 1, 2024, subject to the Reporting Person's continued service with the Issuer, with exceptions for death or disability.
F5 Represents shares of Class A Common Stock underlying Performance Restricted Stock Units ("PRSUs") granted to the Reporting Person under the Plan. The PRSUs will vest, if at all, 25% upon the Class A Common Stock trading above $20.00 per share on the New York Stock Exchange ("NYSE") for sixty (60) consecutive days, 25% upon the Class A Common Stock trading above $25.00 per share on the NYSE for sixy (60) consecutive days, and 50% upon the Class A Common Stock trading above $30.00 per share on the NYSE for sixty (60) consecutive days, subject to the Reporting Person's continued service with the Issuer, with exceptions for death, disability, or retirement.