Effective July 15, 2026, Hagerty, Inc. adopted a new Executive Severance and Change in Control Plan and updated employment agreements for its executive leadership team. The Severance Plan provides base salary continuation for 24 months for McKeel Hagerty and 18 months for other eligible executives upon regular termination, with enhanced lump-sum payments and equity acceleration upon change in control terminations. New and amended agreements establish base salaries for Russell Page, Patrick McClymont, Kenneth Ahn, and Jeffrey Briglia at not less than $650,000 each, while McKeel Hagerty's base salary is set at not less than $1,200,000. The agreements also define target annual incentive opportunities and equity award values for each executive. Hagerty, Inc. provides insurance and services for classic car owners.
