Page Russell Andrew 4

What Happened

• Page Russell Andrew, Chief Information Officer of Hagerty, Inc. (HGTY), was awarded 30,865 shares via restricted stock units (RSUs) on April 1, 2026 (reported as an acquisition/award). Simultaneously, 11,146 shares were withheld to cover tax liabilities at a reported withholding price of $10.66 per share, representing about $118,816. The RSU award is recorded at $0.00 per share because it is a grant rather than an open-market purchase.

Key Details

• Transaction dates and prices:
  • Apr 1, 2026 — Award/acquisition (code A): 30,865 RSUs @ $0.00 (acquired)
  • Apr 1, 2026 — Tax withholding (code F): 11,146 shares withheld @ $10.66 (disposed) ≈ $118,816
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: The RSUs vest in equal amounts each anniversary through April 1, 2029, subject to continued service (with exceptions for death, disability, retirement, or change of control).
  • F2: The 11,146-share disposal reflects shares withheld to satisfy taxes upon RSU vesting.
• Filing timeliness: Report filed Apr 3, 2026 for Apr 1 transactions (appears timely under standard Form 4 rules).

Context

• This was an RSU vesting event with tax-withholding, not an open-market sale or buy. Withholding shares to cover taxes is a routine administrative step and does not necessarily indicate a change in the insider’s view of the company. The grant vests annually through 2029, so future vesting events and any related withholdings may occur.