Beth Ann Costello - May 8, 2024 Form 4 Insider Report for HARTFORD FINANCIAL SERVICES GROUP, INC. (HIG)

Role
EVP and CFO
Signature
Anthony J. Salerno, Jr., Attorney-in-Fact
Stock symbol
HIG
Transactions as of
May 8, 2024
Transactions value $
-$4,044,775
Form type
4
Date filed
5/10/2024, 04:17 PM
Previous 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 $3.14M +72.1K +104.2% $43.59* 141K May 8, 2024 Direct
transaction HIG Common Stock Sale -$3.59M -36K -25.51% $99.72 105K May 8, 2024 Direct F1, F2
transaction HIG Common Stock Sale -$3.59M -36K -34.25% $99.70 69.2K May 8, 2024 Direct F1, 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 Stock Option Options Exercise $0 -72.1K -100% $0.00* 0 May 8, 2024 Common Stock 72.1K $43.59 Direct F4
holding HIG Stock Option 70.7K May 8, 2024 Common Stock 70.7K $48.89 Direct F5
holding HIG Stock Option 75.8K May 8, 2024 Common Stock 75.8K $49.01 Direct F6
holding HIG Stock Option 67.2K May 8, 2024 Common Stock 67.2K $51.87 Direct F7
holding HIG Stock Option 63.2K May 8, 2024 Common Stock 63.2K $53.81 Direct F8
holding HIG Stock Option 71.3K May 8, 2024 Common Stock 71.3K $55.27 Direct F9
holding HIG Stock Option 75.5K May 8, 2024 Common Stock 75.5K $69.41 Direct F10
holding HIG Stock Option 57.5K May 8, 2024 Common Stock 57.5K $78.28 Direct F11
holding HIG Stock Option 25.2K May 8, 2024 Common Stock 25.2K $95.74 Direct F12
* 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. Costello on February 8, 2024, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
F2 Price reflected is the weighted average sale price for shares sold. The range of sales prices for the transactions reported was $99.39 - $100.11 per share. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F3 Price reflected is the weighted average sale price for shares sold. The range of sales prices for the transactions reported was $99.46 - $100.14 per share. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
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 The options became fully 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 became 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 became 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.
F12 One-third of the options will become exercisable on February 27, 2025, an additional one-third of the options will become exercisable on February 27, 2026 and the remaining one-third of the options will become exercisable on February 27, 2027, the third anniversary of the grant date.