Hagerty Management
Management criteria checks 3/4
Hagerty's CEO is McKeel Hagerty, appointed in Jan 2000, has a tenure of 24.83 years. total yearly compensation is $2.38M, comprised of 35.7% salary and 64.3% bonuses, including company stock and options. directly owns 0.4% of the company’s shares, worth $4.11M. The average tenure of the management team and the board of directors is 2.2 years and 2.9 years respectively.
Key information
McKeel Hagerty
Chief executive officer
US$2.4m
Total compensation
| CEO salary percentage | 35.7% |
| CEO tenure | 24.8yrs |
| CEO ownership | 0.4% |
| Management average tenure | 2.2yrs |
| Board average tenure | 2.9yrs |
Recent management updates
Recent updates
The Price Is Right For Hagerty, Inc. (NYSE:HGTY)
Sep 13
Hagerty: An Overlooked, Fast Growing Niche Insurance Stock
Feb 20Take Care Before Diving Into The Deep End On Hagerty, Inc. (NYSE:HGTY)
Nov 10Hagerty: Lacking Margin Expansions Warrant A Sell
Aug 26Greenhaven Road Capital - Hagerty: One Day Closer To State Farm
Aug 12Hagerty: Stuck In First Gear
Feb 12Hagerty appoints Patrick McClymont as CFO
Aug 23Hagerty to acquire Broad Arrow Group
Aug 10CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$20m |
| Jun 30 2024 | n/a | n/a | US$21m |
| Mar 31 2024 | n/a | n/a | US$15m |
| Dec 31 2023 | US$2m | US$850k | US$16m |
| Sep 30 2023 | n/a | n/a | -US$895k |
| Jun 30 2023 | n/a | n/a | US$10m |
| Mar 31 2023 | n/a | n/a | US$2m |
| Dec 31 2022 | US$34m | US$850k | US$32m |
| Sep 30 2022 | n/a | n/a | -US$15m |
| Jun 30 2022 | n/a | n/a | -US$30m |
| Mar 31 2022 | n/a | n/a | -US$12m |
| Dec 31 2021 | US$4m | US$840k | -US$46m |
| Sep 30 2021 | n/a | n/a | -US$6m |
| Jun 30 2021 | n/a | n/a | US$5m |
| Mar 31 2021 | n/a | n/a | -US$2m |
| Dec 31 2020 | US$3m | US$600k | US$10m |
Compensation vs Market: McKeel's total compensation ($USD2.38M) is about average for companies of similar size in the US market ($USD3.18M).
Compensation vs Earnings: McKeel's compensation has been consistent with company performance over the past year.
CEO
McKeel Hagerty (57 yo)
24.8yrs
Tenure
US$2,379,477
Compensation
Mr. McKeel O. Hagerty is Chief Executive Officer and President of Hagerty Insurance Agency, LLC. He is Special Advisor & Co-Founder of Grand Ventures. He serves as Director at The Hagerty Group, Inc. He se...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 24.8yrs | US$2.38m | 0.40% $ 4.1m | |
| Chief Financial Officer | 2.2yrs | US$2.27m | 0.061% $ 627.9k | |
| President of Media | no data | US$2.58m | 0.063% $ 646.7k | |
| Principal Accounting Officer | 1.8yrs | no data | 0.011% $ 118.4k | |
| Chief Information Officer | less than a year | no data | 0.014% $ 145.6k | |
| Chief Human Resources Officer & Administrative Officer | 1.8yrs | US$3.26m | 0.014% $ 146.4k | |
| Senior Vice President of Investor Relations & Communications | 2.4yrs | no data | no data | |
| Chief Legal Officer & Corporate Secretary | 1.3yrs | no data | 0.038% $ 395.3k | |
| Senior Vice President of Hagerty Media | no data | no data | no data | |
| Chief Underwriting Officer | no data | no data | 0.11% $ 1.1m | |
| President of Marketplace & Radius | 2.8yrs | no data | 0.032% $ 329.5k | |
| Senior Vice President of Talent | 2.7yrs | no data | no data |
2.2yrs
Average Tenure
53.5yo
Average Age
Experienced Management: HGTY's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 15.1yrs | US$2.38m | 0.40% $ 4.1m | |
| Head of UK & EU Consignments and Director of Broad Arrow Auctions | less than a year | no data | no data | |
| Independent Lead Director | 2.9yrs | US$191.00k | 0.48% $ 5.0m | |
| Independent Director | 4.4yrs | US$187.50k | 8.35% $ 86.1m | |
| Director | less than a year | no data | 0.0022% $ 22.9k | |
| Independent Director | 5.4yrs | US$186.25k | 0.021% $ 213.4k | |
| Independent Director | 2.9yrs | US$191.77k | 0.021% $ 213.4k | |
| Independent Director | 1.7yrs | US$166.46k | 0.011% $ 117.9k | |
| Independent Director | 4.9yrs | US$200.00k | 0.016% $ 168.8k | |
| Independent Director | 2.9yrs | US$187.50k | 0.021% $ 213.4k |
2.9yrs
Average Tenure
61yo
Average Age
Experienced Board: HGTY's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.