---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-048668"
form_type: "8-K"
ticker: "HGTY"
cik: "0001840776"
company_name: "Hagerty, Inc."
filed_at: "2026-07-17T20:20:51+00:00"
generated_at: "2026-07-17T20:22:06.336466+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Hagerty adopts executive severance plan and amends employment agreements for five executives

## Summary
- New Severance Plan provides 24-month salary continuation for CEO McKeel Hagerty and 18 months for other eligible executives on qualifying termination.
- Russell Page enters new employment agreement with base salary of $650,000 and target incentive of 100% of base salary.
- McKeel Hagerty's amended agreement sets base salary at $1,200,000 and target incentive at 280% of base salary.
- Other executives (McClymont, Ahn, Briglia) receive amended agreements with base salaries of $650,000 and varying equity award targets.
- Severance benefits are subject to release of claims and restrictive covenants; no benefits for voluntary resignation without Good Reason.

## SEC filing metadata
- accession: 0001628280-26-048668
- form_type: 8-K
- ticker: HGTY
- cik: 0001840776
- company_name: Hagerty, Inc.
- filed_at: 2026-07-17T20:20:51+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840776/000162828026048668/0001628280-26-048668-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840776/000162828026048668/hgty-20260715.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-048668
- JSON: https://secwatch.observer/filing/0001628280-26-048668.json
- Plain text: https://secwatch.observer/filing/0001628280-26-048668.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.