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.