Jonathan R. Bennett - Feb 20, 2023 Form 4 Insider Report for HARTFORD FINANCIAL SERVICES GROUP, INC. (HIG)

Role: EVP
Signature: Kevin F Barnett, Attorney-In-Fact
Stock symbol: HIG
Transactions as of: Feb 20, 2023
Transactions value $: -$272,849
Form type: 4
Date filed: 2/22/2023, 04:52 PM
Previous filing: May 9, 2023
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	+7.39K	+28.83%	$0.00	33K	Feb 20, 2023	Direct	F1
transaction	HIG	Common Stock	Tax liability	-$273K	-3.48K	-10.53%	$78.45	29.6K	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	+7.39K		$0.00	7.39K	Feb 20, 2023	Common Stock	7.39K		Direct	F1
transaction	HIG	Performance Shares	Options Exercise	$0	-7.39K	-100%	$0.00^*	0	Feb 20, 2023	Common Stock	7.39K		Direct	F1
holding	HIG	Stock Option						20.2K	Feb 20, 2023	Common Stock	20.2K	$48.89	Direct	F4
holding	HIG	Stock Option						25.6K	Feb 20, 2023	Common Stock	25.6K	$49.01	Direct	F5
holding	HIG	Stock Option						25.2K	Feb 20, 2023	Common Stock	25.2K	$51.87	Direct	F6
holding	HIG	Stock Option						18.3K	Feb 20, 2023	Common Stock	18.3K	$53.81	Direct	F7
holding	HIG	Stock Option						24.1K	Feb 20, 2023	Common Stock	24.1K	$55.27	Direct	F8
holding	HIG	Stock Option						24.2K	Feb 20, 2023	Common Stock	24.2K	$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.