secwatch.observer — SEC 8-K summary
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Issuer:     Hagerty, Inc. (HGTY)
CIK:        0001840776
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001840776-24-000032
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hagerty adopts new PRSU form, grants 92,896 units to CEO and 24,590 to CAHRO
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840776/000184077624000032/0001840776-24-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840776/000184077624000032/hgty-20240329.htm
  HTML page:      https://secwatch.observer/filing/0001840776-24-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer