HIG.NYSEHartford Financial Services Group, INC

Form 4: Hartford Insurance Group EVP Amy Stepnowski Reports Share Transactions

Sentiment:

SEC Form 4 Filing

📋All filings for Hartford Financial Services Group, INC
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EVP Amy Stepnowski reports the vesting and payout of performance shares in Hartford Insurance Group, as well as stock option holdings.

Summary

  • Amy Stepnowski, an EVP at Hartford Insurance Group, filed a Form 4 detailing changes in beneficial ownership.
  • On February 18, 2025, performance shares were paid out based on the company's performance from January 1, 2022, through December 31, 2024.
  • Stepnowski acquired 13,745.997 shares of common stock as a result of the performance share payout.
  • Stepnowski also disposed of 13,745.997 shares of common stock.
  • Following the reported transactions, Stepnowski beneficially owns 34,585.892 shares of common stock.
  • Stepnowski holds stock options with exercise prices of $51.87, $69.41, $78.28 and $95.74, exercisable at various dates in the future.
  • Stepnowski holds 28,562 options exercisable at $51.87, 30,193 options exercisable at $69.41, 26,079 options exercisable at $78.28 and 13,582 options exercisable at $95.74.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not contain information that would significantly impact sentiment.

Positives

  • The vesting of performance shares indicates that the company met certain pre-established performance objectives.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions.

Stakeholder Impact

  • The vesting of performance shares aligns executive compensation with company performance, which can be viewed positively by shareholders.

Key Dates

DateDescription
January 1, 2022Start date of the performance period for the performance share payout.
December 31, 2024End date of the performance period for the performance share payout.
February 18, 2025Date of the performance share payout and reported transaction.
February 20, 2025Date of the signature on the Form 4 filing.
February 23, 2023Date when one-third of the options became exercisable at $69.41.
February 23, 2024Date when the options became fully exercisable at $51.87 and an additional one-third of the options became exercisable at $69.41.
February 28, 2024Date when one-third of the options became exercisable at $78.28.
February 23, 2025Date when the remaining one-third of the options will become exercisable at $69.41.
February 27, 2025Date when one-third of the options will become exercisable at $95.74.
February 28, 2025Date when an additional one-third of the options will become exercisable at $78.28.
February 27, 2026Date when an additional one-third of the options will become exercisable at $95.74.
February 28, 2026Date when the remaining one-third of the options will become exercisable at $78.28.
February 27, 2027Date when the remaining one-third of the options will become exercisable at $95.74.
February 23, 2031Expiration date for the stock options exercisable at $51.87.
February 23, 2032Expiration date for the stock options exercisable at $69.41.
February 28, 2033Expiration date for the stock options exercisable at $78.28.
February 27, 2034Expiration date for the stock options exercisable at $95.74.

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