Champagne Collette 4
Research Summary
AI-generated summary
Hagerty (HGTY) CHRO Collette Champagne Receives RSU Award; Shares Withheld
What Happened
- Collette Champagne, Hagerty's Chief Human Resources Officer and Chief Accounting Officer, received 23,742 restricted stock units (RSUs) that vested on April 1, 2026 (reported as an acquisition, code A, $0.00 per share).
- Simultaneously, 28,278 shares were withheld to cover taxes upon vesting (reported as disposition, code F) at an indicated value of $10.66 per share, totaling $301,443. This was tax withholding on vested RSUs, not an open-market sale.
Key Details
- Transaction date: 2026-04-01; Form 4 filed 2026-04-03 (timely — within required reporting window).
- Award: 23,742 RSUs granted/vested (acquired at $0.00 per share).
- Tax withholding: 28,278 shares withheld at $10.66 each = $301,443 (disposition code F).
- Shares owned after transaction: Not disclosed in this filing.
- Footnotes: F1 — RSUs vest in equal annual installments through April 1, 2029, subject to continued service (with exceptions for death, disability, retirement, or change of control). F2 — the 28,278 shares represent shares withheld to satisfy tax withholding obligations upon RSU vesting.
- Exhibit: Power of Attorney (Exhibit 24) attached to the filing.
Context
- This filing reflects routine compensation vesting and tax withholding, not an open-market sale or purchase. The award increases her economic stake through RSU vesting, while the withheld shares simply satisfy tax obligations.