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

Role
EVP
Signature
Anthony J. Salerno, Jr., Attorney-in-Fact
Stock symbol
HIG
Transactions as of
Feb 20, 2024
Transactions value $
-$609,257
Form type
4
Date filed
2/22/2024, 05:11 PM
Previous filing
Nov 7, 2023
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 +17.4K +175.41% $0.00 27.4K Feb 20, 2024 Direct F1
transaction HIG Common Stock Tax liability -$609K -6.52K -23.83% $93.43 20.8K Feb 21, 2024 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 +17.4K $0.00 17.4K Feb 20, 2024 Common Stock 17.4K Direct F1
transaction HIG Performance Shares Options Exercise $0 -17.4K -100% $0.00* 0 Feb 20, 2024 Common Stock 17.4K Direct F1
holding HIG Stock Option 28.6K Feb 20, 2024 Common Stock 28.6K $51.87 Direct F4
holding HIG Stock Option 30.2K Feb 20, 2024 Common Stock 30.2K $69.41 Direct F5
holding HIG Stock Option 26.1K Feb 20, 2024 Common Stock 26.1K $78.28 Direct F6
* 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 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.
F5 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.
F6 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.