Amy Stepnowski - 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 $: -$48,168
Form type: 4
Date filed: 2/22/2023, 04:52 PM
Previous filing: Dec 14, 2022
Next filing: Mar 1, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HIG	Common Stock	Options Exercise	$0	+1.77K	+5914110%	$0.00	1.77K	Feb 20, 2023	Direct	F1
transaction	HIG	Common Stock	Tax liability	-$48.2K	-614	-34.61%	$78.45	1.16K	Feb 22, 2023	Direct	F2, F3
holding	HIG	Restricted Stock Units						13.2K	Feb 20, 2023	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	+1.77K		$0.00	1.77K	Feb 20, 2023	Common Stock	1.77K		Direct	F1
transaction	HIG	Performance Shares	Options Exercise	$0	-1.77K	-100%	$0.00^*	0	Feb 20, 2023	Common Stock	1.77K		Direct	F1
holding	HIG	Stock Option						28.6K	Feb 20, 2023	Common Stock	28.6K	$51.87	Direct	F4
holding	HIG	Stock Option						30.2K	Feb 20, 2023	Common Stock	30.2K	$69.41	Direct	F5

* 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 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.