Harbert Randall Houston 4
4 · Hagerty, Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Hagerty (HGTY) Director Harbert Receives RSU Award
What Happened
Harbert Randall Houston (listed as a Hagerty director) was granted 11,871 restricted stock units (RSUs) on April 1, 2026. The grant is reported at an acquisition price of $0.00 (transaction code A). These RSUs represent underlying shares of Hagerty Class A common stock and do not convert into actual shares until they vest.
Key Details
- Transaction date: 2026-04-01 (Form 4 filed 2026-04-03; appears timely).
- Transaction type/code: Award/Grant (A).
- Amount: 11,871 RSUs; reported acquisition price $0.00.
- Vesting: RSUs vest on April 1, 2027, subject to continued service (exceptions for death or disability) — per filing footnote.
- Shares owned after transaction: Not specified in the provided filing.
- Other: Exhibit 24 (Power of Attorney) attached to the filing.
Context
RSUs are compensation awards that convert into shares only after vesting; they do not represent an immediate open-market purchase or sale. Such grants are common for company directors and executives and primarily reflect remuneration, not a direct market-view signal. Tax withholding or future sale of shares at vesting (if any) was not disclosed in this filing.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-04-01+11,871→ 45,832 total
Footnotes (1)
- [F1]Represents shares of Class A Common Stock of Hagerty, Inc. (the "Issuer") underlying Restricted Stock Units ("RSUs") acquired by the Reporting Person under the Issuer's 2021 Equity Incentive Plan. The RSUs vest on April 1, 2027, subject to the Reporting Person's continued service with the Issuer, with exceptions for death or disability.