HIG.NYSEHartford Financial Services Group, INC

Form 4: Hartford Financial Services Group EVP & Chief Risk Officer, Robert W. Paiano, Reports Sale of Common Stock

Sentiment:

SEC Form 4

📋All filings for Hartford Financial Services Group, INC
🔒Login to Follow

Robert W. Paiano, EVP & Chief Risk Officer of Hartford Financial Services Group, sold 13,184.98 shares of common stock at a weighted average price of $110.9429 on July 31, 2024.

Summary

  • On July 31, 2024, Robert W. Paiano, the EVP & Chief Risk Officer of Hartford Financial Services Group, sold 13,184.98 shares of common stock.
  • The sale was executed at a weighted average price of $110.9429 per share, with individual sales prices ranging from $110.91 to $111.10.
  • Following the transaction, Paiano directly owns 25,070.682 shares of Hartford Financial Services Group common stock.
  • Paiano also holds multiple stock options with varying exercise prices and expiration dates, totaling 213,257 shares.

Sentiment

Score: 5

Explanation: This is a routine Form 4 filing, indicating a stock sale by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the executive's view of the company's prospects.

Stakeholder Impact

  • The sale of shares by a high-ranking executive could potentially create short-term uncertainty among shareholders.

Key Dates

DateDescription
03/01/2019Options with exercise price of $43.59 became fully exercisable.
02/28/2020Options with exercise price of $48.89 became fully exercisable.
02/27/2021Options with exercise price of $53.81 became fully exercisable.
02/26/2022Options with exercise price of $49.01 became fully exercisable.
02/23/2023One-third of options with exercise price of $69.41 became exercisable.
02/25/2023Options with exercise price of $55.27 became fully exercisable.
02/23/2024Options with exercise price of $51.87 became fully exercisable; an additional one-third of options with exercise price of $69.41 became exercisable.
02/28/2024One-third of options with exercise price of $78.28 became exercisable.
07/31/2024Robert W. Paiano sold 13,184.98 shares of common stock.
08/01/2024Date of signature for the Form 4 filing.
02/23/2025Remaining one-third of options with exercise price of $69.41 will become exercisable.
02/27/2025One-third of options with exercise price of $95.74 will become exercisable.
02/28/2025An additional one-third of options with exercise price of $78.28 will become exercisable.
02/27/2026An additional one-third of options with exercise price of $95.74 will become exercisable.
02/28/2026Remaining one-third of options with exercise price of $78.28 will become exercisable.
02/27/2027Remaining one-third of options with exercise price of $95.74 will become exercisable.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.