Amy Stepnowski - 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: -$43,886
Form type: 4
Filing time: 16 Feb 2022, 15:38:03 UTC
Previous filing: 31 Jan 2024
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	+1,802	+21%	$0.000000	10,536	14 Feb 2022	Direct	F1
transaction	HIG	Common Stock	Tax liability	$43,886	-630	-6%	$69.66	9,906	15 Feb 2022	Direct	F2, F3
holding	HIG	Restricted Stock Units						16,659	14 Feb 2022	Direct

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	+1,802		$0.000000	1,802	14 Feb 2022	Common Stock	1,802		Direct	F1
transaction	HIG	Performance Shares	Options Exercise	$0	-1,802	-100%	$0.000000^*	0	14 Feb 2022	Common Stock	1,802		Direct	F1
holding	HIG	Stock Option						28,562	14 Feb 2022	Common Stock	28,562	$51.87	Direct	F4

* 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	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.