HIG.NYSEHartford Financial Services Group, INC

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

Sentiment:

SEC Form 4

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Robert W. Paiano, EVP & Chief Risk Officer of Hartford Insurance Group, reports the sale of 9,097.912 shares of common stock at a weighted average price of $128.0401 per share on May 15, 2025.

Summary

  • On May 15, 2025, Robert W. Paiano, the EVP & Chief Risk Officer of Hartford Insurance Group, sold 9,097.912 shares of common stock.
  • The sale was executed at a weighted average price of $128.0401 per share.
  • Following the transaction, Paiano directly owns 22,579.709 shares of Hartford Insurance Group common stock.
  • Paiano also holds multiple stock options with varying exercise prices and expiration dates.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a stock sale by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Executive stock sales are a common occurrence and can be for various personal financial planning reasons. It's important to consider the context of the sale, such as the executive's overall holdings and the company's performance.

Stakeholder Impact

  • The sale of shares by a high-ranking executive could potentially create uncertainty among shareholders, although it is a relatively small transaction.

Key Dates

DateDescription
02/28/2020Options with exercise price $48.89 became fully exercisable.
02/26/2022Options with exercise price $49.01 became fully exercisable.
02/23/2024Options with exercise price $51.87 became fully exercisable.
02/28/2024One-third of options with exercise price $78.28 became exercisable.
02/27/2021Options with exercise price $53.81 became fully exercisable.
02/25/2023Options with exercise price $55.27 became fully exercisable.
02/28/2025An additional one-third of options with exercise price $78.28 became exercisable.
02/23/2025Options with exercise price $69.41 became fully exercisable.
02/27/2025One-third of options with exercise price $95.74 became exercisable.
05/15/2025Robert W. Paiano sold 9,097.912 shares of common stock.
02/25/2026One-third of options with exercise price $116.41 will become exercisable; an additional one-third of options with exercise price $78.28 will become exercisable.
02/27/2026An additional one-third of options with exercise price $95.74 will become exercisable.
02/25/2027An additional one-third of options with exercise price $116.41 will become exercisable.
02/27/2027The remaining one-third of options with exercise price $95.74 will become exercisable.
02/25/2028The remaining one-third of options with exercise price $116.41 will become exercisable.

Keywords

Form 4, Hartford Insurance Group, HIG, Robert W. Paiano, Stock Sale, Executive, Chief Risk Officer, Beneficial Ownership, Securities Exchange Act

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