Christopher Swift - 20 Feb 2023 Form 4 Insider Report for HARTFORD FINANCIAL SERVICES GROUP, INC. (HIG)

Role
Chairman and CEO, Director
Signature
Kevin F Barnett, Attorney-In-Fact
Issuer symbol
HIG
Transactions as of
20 Feb 2023
Net transactions value
-$3,655,299
Form type
4
Filing time
22 Feb 2023, 16:52:49 UTC
Previous filing
16 Feb 2023
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 +100,540 +70% $0.000000 243,815 20 Feb 2023 Direct F1
transaction HIG Common Stock Tax liability $3,655,299 -46,594 -19% $78.45 197,221 22 Feb 2023 Direct F2, F3
holding HIG Common Stock 43,179 20 Feb 2023 By Spouse
holding HIG Common Stock 95,386 20 Feb 2023 Swift Family Gift Trust
holding HIG Common Stock 60,865 20 Feb 2023 Swift Family Legacy Trust

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 +100,540 $0.000000 100,540 20 Feb 2023 Common Stock 100,540 Direct F1
transaction HIG Performance Shares Options Exercise $0 -100,540 -100% $0.000000* 0 20 Feb 2023 Common Stock 100,540 Direct F1
holding HIG Stock Option 103,872 20 Feb 2023 Common Stock 103,872 $35.83 Direct F4
holding HIG Stock Option 301,887 20 Feb 2023 Common Stock 301,887 $41.25 Direct F5
holding HIG Stock Option 294,481 20 Feb 2023 Common Stock 294,481 $43.59 Direct F6
holding HIG Stock Option 302,908 20 Feb 2023 Common Stock 302,908 $48.89 Direct F7
holding HIG Stock Option 352,263 20 Feb 2023 Common Stock 352,263 $49.01 Direct F8
holding HIG Stock Option 310,820 20 Feb 2023 Common Stock 310,820 $51.87 Direct F9
holding HIG Stock Option 284,819 20 Feb 2023 Common Stock 284,819 $53.81 Direct F10
holding HIG Stock Option 327,679 20 Feb 2023 Common Stock 327,679 $55.27 Direct F11
holding HIG Stock Option 301,932 20 Feb 2023 Common Stock 301,932 $69.41 Direct F12
* 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 March 4, 2017, the third anniversary of the grant date.
F5 The options became fully exercisable on March 3, 2018, the third anniversary of the grant date.
F6 The options became fully exercisable on March 1, 2019, the third anniversary of the grant date.
F7 The options became fully exercisable on February 28, 2020, the third anniversary of the grant date.
F8 The options became fully exercisable on February 26, 2022, the third anniversary of the grant date.
F9 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.
F10 The options became fully exercisable on February 27, 2021, the third anniversary of the grant date.
F11 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.
F12 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.