John J. Kinney - 14 Feb 2022 Form 4 Insider Report for HARTFORD FINANCIAL SERVICES GROUP, INC. (HIG)

Role: EVP
Signature: Anthony J. Salerno, Jr., Attorney-in-Fact
Issuer symbol: HIG
Transactions as of: 14 Feb 2022
Net transactions value: -$262,131
Form type: 4
Filing time: 16 Feb 2022, 15:37:50 UTC
Previous filing: 11 Aug 2021
Next filing: 25 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HIG	Common Stock	Options Exercise	$0	+8,009	+499%	$0.000000	9,614	14 Feb 2022	Direct	F1
transaction	HIG	Common Stock	Tax liability	$262,131	-3,763	-39%	$69.66	5,851	15 Feb 2022	Direct	F2, F3
holding	HIG	Restricted Stock Units						12,347	14 Feb 2022	Direct
holding	HIG	Common Stock						895	14 Feb 2022	By 401(k) Plan	F4

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	+8,009		$0.000000	8,009	14 Feb 2022	Common Stock	8,009		Direct	F1
transaction	HIG	Performance Shares	Options Exercise	$0	-8,009	-100%	$0.000000^*	0	14 Feb 2022	Common Stock	8,009		Direct	F1
holding	HIG	Stock Option						12,974	14 Feb 2022	Common Stock	12,974	$43.59	Direct	F5
holding	HIG	Stock Option						13,126	14 Feb 2022	Common Stock	13,126	$48.89	Direct	F6
holding	HIG	Stock Option						21,349	14 Feb 2022	Common Stock	21,349	$49.01	Direct	F7
holding	HIG	Stock Option						16,801	14 Feb 2022	Common Stock	16,801	$51.87	Direct	F8
holding	HIG	Stock Option						16,021	14 Feb 2022	Common Stock	16,021	$53.81	Direct	F9
holding	HIG	Stock Option						19,275	14 Feb 2022	Common Stock	19,275	$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	This figure represents the reporting person's approximate share equivalent holdings in The Hartford Stock Fund (the "Fund") under the Company's 401(k) plan. The Fund consists of Company common stock (typically 99% of the Fund value) and short-term investments (typically less than 1% of the Fund value) and the number of share equivalents varies depending on the performance of the Company, the overall stock market, the amount of cash awaiting investment, and the performance and amount of short-term investments held by the fund, less any expense accrued against the fund. The number of shares attributed to the reporting person and expressed as share equivalents is based on information furnished by the 401(k) plan administrator as of February 14, 2022.
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.