Director at Hagerty (HGTY) receives 11,871 RSU-based shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KAUFFMAN ROBERT I reported acquisition or exercise transactions in this Form 4 filing.
Hagerty, Inc. director Robert I. Kauffman received an equity award tied to 11,871 shares of Class A Common Stock on April 1, 2026. These shares are underlying Restricted Stock Units granted at no cash cost to him.
The RSUs vest on April 1, 2027, if he continues serving the company, with exceptions for death or disability. Kauffman now holds 79,173 Class A shares directly and is also manager of Aldel LLC, which holds 748,097 Class A shares, where he disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
KAUFFMAN ROBERT I
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 11,871 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 79,173 shares (Direct);
Class A Common Stock — 748,097 shares (Indirect, By Aldel LLC)
Footnotes (1)
- 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. Held by Aldel LLC. The Reporting Person is the manager of Aldel LLC and has voting and investment discretion with respect to the securities held of record by Aldel LLC. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
Key Figures
RSU grant size: 11,871 shares
Grant price: $0.00 per share
Direct holdings after grant: 79,173 shares
+2 more
5 metrics
RSU grant size
11,871 shares
Class A Common Stock underlying RSUs granted April 1, 2026
Grant price
$0.00 per share
Equity award under 2021 Equity Incentive Plan
Direct holdings after grant
79,173 shares
Class A Common Stock held directly after transaction
Indirect holdings via Aldel LLC
748,097 shares
Class A Common Stock held by Aldel LLC
RSU vesting date
April 1, 2027
Vesting subject to continued service, with death/disability exceptions
Key Terms
Restricted Stock Units, 2021 Equity Incentive Plan, pecuniary interest, beneficial ownership
4 terms
Restricted Stock Units financial
"Represents shares of Class A Common Stock of Hagerty, Inc. underlying Restricted Stock Units ("RSUs") acquired by the Reporting Person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2021 Equity Incentive Plan financial
"RSUs acquired by the Reporting Person under the Issuer's 2021 Equity Incentive Plan"
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein"
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transaction did Hagerty (HGTY) disclose for Robert I. Kauffman?
Hagerty reported that director Robert I. Kauffman received Restricted Stock Units representing 11,871 shares of Class A Common Stock. The award was granted at no cash cost to him as part of equity compensation and increases his direct equity-based exposure to the company.
When do Robert I. Kauffman’s Hagerty (HGTY) RSUs vest and what are the conditions?
The RSUs vest on April 1, 2027, provided Kauffman continues serving Hagerty. The vesting schedule includes exceptions for death or disability. Until vesting, the underlying 11,871 Class A shares remain unvested equity compensation under Hagerty’s 2021 Equity Incentive Plan.
What is Aldel LLC’s role in Robert I. Kauffman’s Hagerty (HGTY) holdings?
Aldel LLC holds 748,097 Hagerty Class A shares. Kauffman is the manager and has voting and investment discretion over these securities. He disclaims beneficial ownership of Aldel LLC’s shares except to the extent of his pecuniary interest, as disclosed in the filing footnote.