Hagerty Management
Management criteria checks 0/4
Hagerty's CEO is McKeel Hagerty, appointed in Jan 2000, has a tenure of 24.25 years. total yearly compensation is $34.27M, comprised of 2.5% salary and 97.5% bonuses, including company stock and options. directly owns 0.61% of the company’s shares, worth $17.64M. The average tenure of the management team and the board of directors is 1.8 years and 2.3 years respectively.
Key information
McKeel Hagerty
Chief executive officer
US$34.3m
Total compensation
| CEO salary percentage | 2.5% |
| CEO tenure | 24.3yrs |
| CEO ownership | 0.6% |
| Management average tenure | 1.8yrs |
| Board average tenure | 2.3yrs |
Recent management updates
Recent updates
Hagerty: An Overlooked, Fast Growing Niche Insurance Stock
Feb 20Take Care Before Diving Into The Deep End On Hagerty, Inc. (NYSE:HGTY)
Nov 10
Hagerty: 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 |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | 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$10m |
Compensation vs Market: McKeel's total compensation ($USD34.27M) is above average for companies of similar size in the US market ($USD6.64M).
Compensation vs Earnings: McKeel's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
McKeel Hagerty (56 yo)
24.3yrs
Tenure
US$34,265,192
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 wa...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 24.3yrs | US$34.27m | 0.61% $ 17.7m | |
| Chief Human Resources Officer & CAO | no data | US$3.26m | 0.15% $ 4.3m | |
| Chief Financial Officer | 1.6yrs | no data | 0.063% $ 1.8m | |
| Principal Accounting Officer | 1.3yrs | no data | no data | |
| Chief Information Officer | 1.7yrs | no data | no data | |
| Senior Vice President of Investor Relations & Communications | 1.8yrs | no data | no data | |
| Chief Legal Officer & Corporate Secretary | less than a year | no data | no data | |
| President of Media | no data | no data | 0.093% $ 2.7m | |
| Senior Vice President of Hagerty Media | no data | no data | no data | |
| Chief Underwriting Officer | no data | no data | 0.11% $ 3.3m | |
| President of Marketplace & Radius | 2.3yrs | no data | 0.044% $ 1.3m | |
| Senior Vice President of Talent | 2.1yrs | no data | no data |
1.8yrs
Average Tenure
53yo
Average Age
Experienced Management: HGTY's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 14.5yrs | US$34.27m | 0.61% $ 17.7m | |
| Head of UK & EU Consignments and Director of Broad Arrow Auctions | less than a year | no data | no data | |
| Independent Director | 2.3yrs | US$187.50k | 0.49% $ 14.3m | |
| Independent Director | 3.8yrs | US$182.50k | 4.1% $ 118.9m | |
| Independent Director | 4.8yrs | US$190.00k | 0.022% $ 638.7k | |
| Independent Director | 2.3yrs | US$187.50k | 0.022% $ 638.7k | |
| Independent Director | 1.1yrs | no data | 0.012% $ 352.7k | |
| Independent Director | 4.3yrs | US$195.00k | 0.017% $ 505.0k | |
| Independent Director | 2.3yrs | US$182.50k | 0.022% $ 638.7k |
2.3yrs
Average Tenure
59.5yo
Average Age
Experienced Board: HGTY's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.