Christopher Swift - Feb 20, 2024 Form 4 Insider Report for HARTFORD FINANCIAL SERVICES GROUP, INC. (HIG)

Role: Chairman and CEO, Director
Signature: Anthony J. Salerno, Jr., Attorney-in-Fact
Stock symbol: HIG
Transactions as of: Feb 20, 2024
Transactions value $: -$8,210,628
Form type: 4
Date filed: 2/22/2024, 05:10 PM
Previous filing: Feb 15, 2024
Next filing: Feb 29, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HIG	Common Stock	Options Exercise	$0	+190K	+111.43%	$0.00	360K	Feb 20, 2024	Direct	F1
transaction	HIG	Common Stock	Tax liability	-$8.21M	-87.9K	-24.42%	$93.43	272K	Feb 21, 2024	Direct	F2, F3
holding	HIG	Common Stock						15.5K	Feb 20, 2024	By Spouse
holding	HIG	Common Stock						95.4K	Feb 20, 2024	Swift Family Gift Trust
holding	HIG	Common Stock						60.9K	Feb 20, 2024	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	+190K		$0.00	190K	Feb 20, 2024	Common Stock	190K		Direct	F1
transaction	HIG	Performance Shares	Options Exercise	$0	-190K	-100%	$0.00^*	0	Feb 20, 2024	Common Stock	190K		Direct	F1
holding	HIG	Stock Option						294K	Feb 20, 2024	Common Stock	294K	$43.59	Direct	F4
holding	HIG	Stock Option						303K	Feb 20, 2024	Common Stock	303K	$48.89	Direct	F5
holding	HIG	Stock Option						352K	Feb 20, 2024	Common Stock	352K	$49.01	Direct	F6
holding	HIG	Stock Option						311K	Feb 20, 2024	Common Stock	311K	$51.87	Direct	F7
holding	HIG	Stock Option						285K	Feb 20, 2024	Common Stock	285K	$53.81	Direct	F8
holding	HIG	Stock Option						328K	Feb 20, 2024	Common Stock	328K	$55.27	Direct	F9
holding	HIG	Stock Option						302K	Feb 20, 2024	Common Stock	302K	$69.41	Direct	F10
holding	HIG	Stock Option						249K	Feb 20, 2024	Common Stock	249K	$78.28	Direct	F11

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 20, 2024, 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, 2021 through December 31, 2023 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 20, 2024, the day of certification.
F4	The options became fully exercisable on March 1, 2019, the third anniversary of the grant date.
F5	The options became fully exercisable on February 28, 2020, the third anniversary of the grant date.
F6	The options became fully exercisable on February 26, 2022, the third anniversary of the grant date.
F7	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.
F8	The options became fully exercisable on February 27, 2021, the third anniversary of the grant date.
F9	The options became fully exercisable on February 25, 2023, the third anniversary of the grant date.
F10	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.
F11	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.