Elliot Douglas G - Feb 14, 2022 Form 4 Insider Report for HARTFORD FINANCIAL SERVICES GROUP, INC. (HIG)

Role: President
Signature: Anthony J. Salerno, Jr., Attorney-in-Fact
Stock symbol: HIG
Transactions as of: Feb 14, 2022
Transactions value $: -$2,662,754
Form type: 4
Date filed: 2/16/2022, 03:37 PM
Previous filing: Jan 5, 2022
Next filing: Feb 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HIG	Common Stock	Options Exercise	$0	+82.5K	+39.87%	$0.00	289K	Feb 14, 2022	Direct	F1
transaction	HIG	Common Stock	Tax liability	-$2.66M	-38.2K	-13.21%	$69.66	251K	Feb 15, 2022	Direct	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HIG	Performance Shares	Award	$0	+82.5K		$0.00	82.5K	Feb 14, 2022	Common Stock	82.5K		Direct	F1
transaction	HIG	Performance Shares	Options Exercise	$0	-82.5K	-100%	$0.00^*	0	Feb 14, 2022	Common Stock	82.5K		Direct	F1
holding	HIG	Stock Option						208K	Feb 14, 2022	Common Stock	208K	$41.25	Direct	F4
holding	HIG	Stock Option						190K	Feb 14, 2022	Common Stock	190K	$43.59	Direct	F5
holding	HIG	Stock Option						202K	Feb 14, 2022	Common Stock	202K	$48.89	Direct	F6
holding	HIG	Stock Option						220K	Feb 14, 2022	Common Stock	220K	$49.01	Direct	F7
holding	HIG	Stock Option						183K	Feb 14, 2022	Common Stock	183K	$51.87	Direct	F8
holding	HIG	Stock Option						178K	Feb 14, 2022	Common Stock	178K	$53.81	Direct	F9
holding	HIG	Stock Option						205K	Feb 14, 2022	Common Stock	205K	$55.27	Direct	F10

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 14, 2022, the Company's Compensation and Management Development Committee certified a performance share payout based on the level of the Company's performance relative to pre-established objectives for the January 1, 2019 through December 31, 2021 performance period. The performance shares were paid in shares of the Company's common stock.
F2	Transaction involving a disposition to the Company of equity securities to cover tax withholding obligations arising from the performance share certification reported on this Form 4, in accordance with the Company's administrative rules.
F3	The closing price of the Company's common stock on February 14, 2022, the day of certification.
F4	The options became fully exercisable on March 3, 2018, the third anniversary of the grant date.
F5	The options became fully exercisable on March 1, 2019, the third anniversary of the grant date.
F6	The options became fully exercisable on February 28, 2020, the third anniversary of the grant date.
F7	One-third of the options became exercisable on February 26, 2020, an additional one-third of the options became exercisable on February 26, 2021 and the remaining one-third of the options will become exercisable on February 26, 2022, the third anniversary of the grant date.
F8	One-third of the options will become exercisable on February 23, 2022, an additional one-third of the options will become exercisable on February 23, 2023 and the remaining one-third of the options will become exercisable on February 23, 2024, the third anniversary of the grant date.
F9	The options became fully exercisable on February 27, 2021, the third anniversary of the grant date.
F10	One-third of the options became exercisable on February 25, 2021, an additional one-third of the options will become exercisable on February 25, 2022 and the remaining one-third of the options will become exercisable on February 25, 2023, the third anniversary of the grant date.