DELANEY KEVIN M 4
4 · Hagerty, Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Hagerty (HGTY) CAO Kevin Delaney Receives RSU Award
What Happened
Kevin M. Delaney, Chief Accounting Officer of Hagerty, had 17,614 restricted stock units (RSUs vest) reported as an award on April 1, 2026 (code A). To cover tax withholding on the vesting, 8,456 shares were withheld (code F) at $10.66 per share, totaling $90,140.96. Net shares delivered to Delaney were 9,158, and the total market value of the vested RSUs (based on $10.66) was about $187,765.
Key Details
- Transaction dates: April 1, 2026 (reported on Form 4 filed April 3, 2026). Filing appears timely.
- Award: 17,614 shares acquired (RSU vesting) at $0.00 (this reflects vesting, not a cash purchase).
- Withholding: 8,456 shares disposed/withheld at $10.66 to satisfy tax withholding, total ≈ $90,141.
- Net shares received: 9,158 shares (17,614 vested − 8,456 withheld).
- Footnotes:
- F1: These are RSUs granted under the 2021 Equity Incentive Plan that vest in equal annual amounts through April 1, 2029, subject to continued service (with standard exceptions).
- F2: The disposed shares represent shares withheld to cover taxes upon vesting.
- Shares owned after the transaction: not specified in the provided filing.
Context
This filing reports RSU vesting and routine tax-withholding rather than an open-market sale or voluntary disposition. Withholdings to cover taxes are common and do not necessarily indicate a broader insider selling trend. No 10b5-1 plan or late filing is indicated in the provided details.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-04-01+17,614→ 108,411 total - Tax Payment
Class A Common Stock
[F2]2026-04-01$10.66/sh−8,456$90,141→ 99,955 total
Footnotes (2)
- [F1]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.
- [F2]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.