Chafey Diana 4
4 · Hagerty, Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Hagerty (HGTY) CLO Diana Chafey Receives RSUs, Buys ESPP Shares
What Happened
Diana Chafey, Chief Legal Officer of Hagerty, had 23,742 restricted stock units (RSUs) vest on April 1, 2026 (reported as an acquisition, code A). To cover tax withholding, 4,833 shares were surrendered/disposed at $10.66 per share (code F) for a withholding amount of $51,520. Separately, on April 2, 2026 she purchased 1,165 shares through Hagerty’s Employee Stock Purchase Plan (ESPP) at $10.13 per share for $11,801 (code A).
Key Details
- Transaction dates and prices:
- 2026-04-01: 23,742 RSU shares vested (acquired at $0.00 per share for reporting).
- 2026-04-01: 4,833 shares withheld for taxes at $10.66 — total $51,520 (disposition for tax withholding).
- 2026-04-02: 1,165 ESPP shares purchased at $10.13 — total $11,801.
- Shares owned after transaction: Not specified in this Form 4.
- Notable footnotes:
- F1: RSUs vest annually through April 1, 2029, subject to continued service (and usual exceptions).
- F2: The 4,833-share disposition represents shares withheld to satisfy tax obligations on vesting.
- F3/F4: ESPP purchase covers Oct 1, 2025–Mar 31, 2026 offering; per-share price was 95% of the April 1, 2026 closing price.
- Timeliness: Filing dated 2026-04-03 for transactions on 4/1–4/2 appears timely (Form 4 due within two business days).
Context
This filing shows routine RSU vesting and tax-withholding (common for employees) plus an ESPP purchase — the latter is a direct purchase by the insider and is generally viewed as a more informative bullish action than routine withholding. No option exercises or sales for cash beyond the tax-withholding disposition are reported.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-04-01+23,742→ 80,676 total - Tax Payment
Class A Common Stock
[F2]2026-04-01$10.66/sh−4,833$51,520→ 75,843 total - Award
Class A Common Stock
[F3][F4]2026-04-02$10.13/sh+1,165$11,801→ 77,008 total
Footnotes (4)
- [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.
- [F3]Shares acquired pursuant to the Hagerty, Inc. Employee Stock Purchase Plan ("ESPP") for the ESPP offering period of October 1, 2025 through March 31, 2026.
- [F4]In accordance with the ESPP, the per share price paid for these shares was an amount equal to 95% of the closing price of the Issuer's stock on April 1, 2026.