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

Role: Executive Vice President
Signature: Anthony J. Salerno, Jr., Attorney-in-Fact
Issuer symbol: HIG
Transactions as of: 20 Feb 2024
Net transactions value: -$363,256
Form type: 4
Filing time: 22 Feb 2024, 17:11:04 UTC
Previous filing: 08 Aug 2023
Next filing: 29 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HIG	Common Stock	Options Exercise	$0	+12,301	+67%	$0.000000	30,786	20 Feb 2024	Direct	F1
transaction	HIG	Common Stock	Tax liability	$363,256	-3,888	-13%	$93.43	26,898	21 Feb 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	+12,301		$0.000000	12,301	20 Feb 2024	Common Stock	12,301		Direct	F1
transaction	HIG	Performance Shares	Options Exercise	$0	-12,301	-100%	$0.000000^*	0	20 Feb 2024	Common Stock	12,301		Direct	F1
holding	HIG	Stock Option						20,161	20 Feb 2024	Common Stock	20,161	$51.87	Direct	F4
holding	HIG	Stock Option						37,742	20 Feb 2024	Common Stock	37,742	$69.41	Direct	F5
holding	HIG	Stock Option						33,191	20 Feb 2024	Common Stock	33,191	$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.