Lori A. Rodden - Feb 20, 2023 Form 4 Insider Report for HARTFORD FINANCIAL SERVICES GROUP, INC. (HIG)

Role
Executive Vice President
Signature
/s/ Anthony J. Salerno, Attorney-in-Fact
Stock symbol
HIG
Transactions as of
Feb 20, 2023
Transactions value $
-$262,964
Form type
4
Date filed
2/22/2023, 04:51 PM
Previous filing
Apr 18, 2022
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HIG Common Stock Options Exercise $0 +7.1K +116.82% $0.00 13.2K Feb 20, 2023 Direct F1
transaction HIG Common Stock Tax liability -$263K -3.35K -25.45% $78.45 9.82K Feb 22, 2023 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 +7.1K $0.00 7.1K Feb 20, 2023 Common Stock 7.1K Direct F1
transaction HIG Performance Shares Options Exercise $0 -7.1K -100% $0.00* 0 Feb 20, 2023 Common Stock 7.1K Direct F1
holding HIG Stock Option 23.5K Feb 20, 2023 Common Stock 23.5K $51.87 Direct F4
holding HIG Stock Option 23.1K Feb 20, 2023 Common Stock 23.1K $55.27 Direct F5
holding HIG Stock Option 30.2K Feb 20, 2023 Common Stock 30.2K $69.41 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 20, 2023, 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, 2020 through December 31, 2022 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 17, 2023, the last trading day prior to certification.
F4 One-third of the options became 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.
F5 One-third of the options became exercisable on February 25, 2021, an additional one-third of the options became 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.
F6 One-third of the options will become exercisable on February 23, 2023, an additional one-third of the options will become exercisable on February 23, 2024 and the remaining one-third of the options will become exercisable on February 23, 2025, the third anniversary of the grant date.