Harbert Randall Houston 4

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.