other material
confidence high
sentiment neutral
materiality 0.50
Hagerty adopts new PRSU form, grants 92,896 units to CEO and 24,590 to CAHRO
Hagerty, Inc.
- Committee approved new Performance Restricted Stock Unit (PRSU) award form under the 2021 Stock Incentive Plan.
- CEO McKeel Hagerty received a target award of 92,896 PRSUs; CAHRO Collette Champagne received 24,590 PRSUs.
- PRSUs vest based on adjusted operating income targets over a three-year performance period (Jan 1, 2024 – Dec 31, 2026).
- Payout can range from 35% to 200% of the target number based on actual performance achievement.
- Time-based vesting requires continued employment through the determination date after the performance period.