Kay Sabrina 4
Research Summary
AI-generated summary
Hagerty (HGTY) Director Kay Sabrina Receives RSU Award
What Happened
- Kay Sabrina, a director of Hagerty, Inc. (HGTY), was awarded 11,871 shares underlying Restricted Stock Units (RSUs) on 2026-04-01. The RSUs were reported at $0.00 on grant (no cash paid). Per the filing, these RSUs vest on April 1, 2027, subject to the director's continued service (with exceptions for death or disability).
Key Details
- Transaction date: 2026-04-01; transaction type: Award/Grant (code A).
- Shares granted: 11,871 RSUs; reported acquisition price: $0.00; reported total $0.
- Plan: Issuer’s 2021 Equity Incentive Plan (see footnote F1).
- Vesting: April 1, 2027, subject to continued service (exceptions for death/disability).
- Shares owned after transaction: not disclosed in this Form 4.
- Other filings/remarks: Exhibit 24 (Power of Attorney) attached. No 10b5-1 plan or tax-withholding details reported.
- Filing timeliness: Form 4 filed 2026-04-03 for a 2026-04-01 transaction (no late filing indicated in the form).
Context
- This was a compensation/retention equity award (RSUs), not a market purchase or sale. RSU grants are common for directors and typically convert to actual shares only after vesting, so they don't represent an immediate cash investment or sale.