David C. Robinson - 20 Feb 2023 Form 4 Insider Report for HARTFORD FINANCIAL SERVICES GROUP, INC. (HIG)

Role
EVP and General Counsel
Signature
Kevin F Barnett, Attorney-In-Fact
Issuer symbol
HIG
Transactions as of
20 Feb 2023
Net transactions value
-$562,957
Form type
4
Filing time
22 Feb 2023, 16:52:18 UTC
Previous filing
15 Dec 2022
Next filing
02 Mar 2023
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 +15,377 +2165730% $0.000000 15,377 20 Feb 2023 Direct F1
transaction HIG Common Stock Tax liability $562,957 -7,176 -47% $78.45 8,201 22 Feb 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 +15,377 $0.000000 15,377 20 Feb 2023 Common Stock 15,377 Direct F1
transaction HIG Performance Shares Options Exercise $0 -15,377 -100% $0.000000* 0 20 Feb 2023 Common Stock 15,377 Direct F1
holding HIG Stock Option 40,388 20 Feb 2023 Common Stock 40,388 $48.89 Direct F4
holding HIG Stock Option 53,373 20 Feb 2023 Common Stock 53,373 $49.01 Direct F5
holding HIG Stock Option 48,723 20 Feb 2023 Common Stock 48,723 $51.87 Direct F6
holding HIG Stock Option 39,163 20 Feb 2023 Common Stock 39,163 $53.81 Direct F7
holding HIG Stock Option 50,116 20 Feb 2023 Common Stock 50,116 $55.27 Direct F8
holding HIG Stock Option 60,386 20 Feb 2023 Common Stock 60,386 $69.41 Direct F9
* 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 The options became fully exercisable on February 28, 2020, the third anniversary of the grant date.
F5 The options became fully exercisable on February 26, 2022, the third anniversary of the grant date.
F6 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.
F7 The options became fully exercisable on February 27, 2021, the third anniversary of the grant date.
F8 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.
F9 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.