Quick Takeaways
- This page summarizes Amy Stepnowski's Form 4 filing for HARTFORD FINANCIAL SERVICES GROUP, INC. (HIG).
- 1 reported transaction and 3 derivative rows are listed below.
- Filing timestamp: 09 May 2023, 17:39.
Amy Stepnowski - 08 May 2023 Form 4 Insider Report for HARTFORD FINANCIAL SERVICES GROUP, INC. (HIG)
- Role
- EVP
- Signature
- Anthony J. Salerno, Jr., Attorney-in-Fact
- Issuer symbol
- HIG
- Transactions as of
- 08 May 2023
- Net transactions value
- -$23,604
- Form type
- 4
- Filing time
- 09 May 2023, 17:39:41 UTC
- Previous filing
- 10 Apr 2023
- Next filing
- 08 Jun 2023
- SEC
- View on sec.gov
Quoteable Key Fact
"Amy Stepnowski filed Form 4 for HARTFORD FINANCIAL SERVICES GROUP, INC. (HIG) on 09 May 2023."
What Changed
- Previous filing in this sequence was filed on 10 Apr 2023.
- Current net transaction value: -$23,604.
Why This Matters
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Official SEC Source
Transactions Table
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | HIG | Common Stock | Sale | $23,604 | -336 | -9.6% | $70.25 | 3,172 | 08 May 2023 | Direct | F1 |
| holding | HIG | Restricted Stock Units | 8,895 | 08 May 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | HIG | Stock Option | 28,562 | 08 May 2023 | Common Stock | 28,562 | $51.87 | Direct | F2 | |||||
| holding | HIG | Stock Option | 30,193 | 08 May 2023 | Common Stock | 30,193 | $69.41 | Direct | F3 | |||||
| holding | HIG | Stock Option | 26,079 | 08 May 2023 | Common Stock | 26,079 | $78.28 | Direct | F4 |
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Explanation of Responses:
| Id | Content |
|---|---|
| F1 | The transaction reported on this Form 4 was effected pursuant to a trading plan previously adopted by Ms. Stepnowski on November 9, 2022, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. |
| F2 | One-third of the options became exercisable on February 23, 2022, an additional one-third of the options became 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. |
| F3 | One-third of the options became 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. |
| F4 | One-third of the options will become exercisable on February 28, 2024, an additional one-third of the options will become exercisable on February 28, 2025 and the remaining one-third of the options will become exercisable on February 28, 2026, the third anniversary of the grant date. |