Form 4: Hartford Financial Services Group EVP Adin M. Tooker Reports Stock Option Grant
SEC Filing Form 4
EVP Adin M. Tooker reports the acquisition of 16,492 stock options in Hartford Financial Services Group, Inc.
Summary
- Adin M. Tooker, an Executive Vice President at Hartford Financial Services Group, Inc., filed a Form 4.
- The filing reports the acquisition of 16,492 stock options on February 27, 2024, at an exercise price of $95.74.
- These options vest in three equal installments on February 27, 2025, February 27, 2026, and February 27, 2027.
- Tooker directly owns 34,026.273 shares of Hartford Financial Services Group common stock.
- Tooker also holds multiple other stock option grants with varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, and the sentiment is neutral. It simply reports a stock option grant.
Positives
- The grant of stock options to an executive aligns their interests with those of the shareholders.
- The vesting schedule encourages long-term commitment from the executive.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The stock option grant aligns the executive's interests with those of shareholders, potentially incentivizing actions that increase shareholder value.
Key Dates
| Date | Description |
|---|---|
| 02/23/2023 | One-third of the options with exercise price $69.41 became exercisable. |
| 02/25/2023 | The options with exercise price $55.27 became fully exercisable. |
| 02/23/2024 | An additional one-third of the options with exercise price $69.41 became exercisable and the options with exercise price $51.87 became fully exercisable. |
| 02/27/2024 | Date of the reported transaction: acquisition of 16,492 stock options with an exercise price of $95.74. |
| 02/28/2024 | One-third of the options with exercise price $78.28 became exercisable. |
| 02/27/2025 | One-third of the options acquired on 02/27/2024 will become exercisable. |
| 02/23/2025 | The remaining one-third of the options with exercise price $69.41 will become exercisable. |
| 02/28/2025 | An additional one-third of the options with exercise price $78.28 will become exercisable. |
| 02/27/2026 | An additional one-third of the options acquired on 02/27/2024 will become exercisable. |
| 02/28/2026 | The remaining one-third of the options with exercise price $78.28 will become exercisable. |
| 02/27/2027 | The remaining one-third of the options acquired on 02/27/2024 will become exercisable. |
| 02/27/2028 | Expiration date for stock options with exercise price $53.81. |
| 02/25/2030 | Expiration date for stock options with exercise price $55.27. |
| 02/23/2032 | Expiration date for stock options with exercise price $69.41. |
| 02/28/2033 | Expiration date for stock options with exercise price $78.28. |
| 02/27/2034 | Expiration date for stock options with exercise price $95.74. |
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