Form 4: Hartford Financial Services Group EVP and CFO Beth Ann Costello Reports Stock Transactions
SEC Form 4
Beth Ann Costello, EVP and CFO of Hartford Financial Services Group, reports the exercise of stock options, sale of shares, and a gift to a charitable donor-advised fund.
Summary
- On February 27, 2024, Beth Ann Costello, EVP and CFO of Hartford Financial Services Group, exercised stock options to acquire 38,915 shares of common stock at a price of $41.25 per share.
- Costello then sold these 38,915 shares at a weighted average price of $95.4189 per share, with prices ranging from $94.99 to $95.81.
- She also gifted 10,000 shares of common stock to a charitable donor-advised fund.
- Following these transactions, Costello directly owns 69,168.618 shares of Hartford Financial Services Group common stock.
- Costello also holds various stock options with different exercise prices and expiration dates, totaling 578,382 options.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of key executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
- The gift to a charitable donor-advised fund may have a positive impact on the recipient charity.
Key Dates
| Date | Description |
|---|---|
| 02/23/2023 | One-third of the options became exercisable |
| 02/25/2023 | The options became fully exercisable |
| 02/23/2024 | An additional one-third of the options became exercisable |
| 02/27/2024 | Date of earliest transaction; exercise of stock options and sale of shares |
| 02/28/2024 | One-third of the options became exercisable |
| 02/29/2024 | Date of signature |
| 02/23/2025 | The remaining one-third of the options will become exercisable |
| 02/27/2025 | One-third of the options will become exercisable |
| 02/28/2025 | An additional one-third of the options will become exercisable |
| 02/27/2026 | An additional one-third of the options will become exercisable |
| 02/28/2026 | The remaining one-third of the options will become exercisable |
| 02/27/2027 | The remaining one-third of the options will become exercisable |
| 02/23/2031 | Expiration date of stock options |
| 02/23/2032 | Expiration date of stock options |
| 02/28/2033 | Expiration date of stock options |
| 02/27/2034 | Expiration date of stock options |
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