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

Role
EVP
Signature
Anthony J. Salerno, Jr., Attorney-in-Fact
Stock symbol
HIG
Transactions as of
Feb 14, 2022
Transactions value $
-$262,131
Form type
4
Date filed
2/16/2022, 03:37 PM
Previous filing
Aug 11, 2021
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 +8.01K +498.74% $0.00 9.61K Feb 14, 2022 Direct F1
transaction HIG Common Stock Tax liability -$262K -3.76K -39.14% $69.66 5.85K Feb 15, 2022 Direct F2, F3
holding HIG Restricted Stock Units 12.3K Feb 14, 2022 Direct
holding HIG Common Stock 895 Feb 14, 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 +8.01K $0.00 8.01K Feb 14, 2022 Common Stock 8.01K Direct F1
transaction HIG Performance Shares Options Exercise $0 -8.01K -100% $0.00* 0 Feb 14, 2022 Common Stock 8.01K Direct F1
holding HIG Stock Option 13K Feb 14, 2022 Common Stock 13K $43.59 Direct F5
holding HIG Stock Option 13.1K Feb 14, 2022 Common Stock 13.1K $48.89 Direct F6
holding HIG Stock Option 21.3K Feb 14, 2022 Common Stock 21.3K $49.01 Direct F7
holding HIG Stock Option 16.8K Feb 14, 2022 Common Stock 16.8K $51.87 Direct F8
holding HIG Stock Option 16K Feb 14, 2022 Common Stock 16K $53.81 Direct F9
holding HIG Stock Option 19.3K Feb 14, 2022 Common Stock 19.3K $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.