Form 4: Hartford Insurance Group EVP Robert Paiano Reports Tax Withholding Stock Disposition
SEC Form 4
Robert W. Paiano, EVP & Chief Risk Officer of Hartford Insurance Group, reports disposition of shares to cover tax withholding obligations.
Summary
- Robert W. Paiano, an executive at Hartford Insurance Group, filed a Form 4 detailing changes in beneficial ownership.
- On February 21, 2025, Paiano disposed of 5,784 shares of common stock at a price of $112.82.
- This transaction was to cover tax withholding obligations arising from performance share certification.
- Following the transaction, Paiano directly owns 31,670.902 shares of Hartford Insurance Group common stock.
- Paiano also holds various stock options with different exercise prices and expiration dates.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing, indicating normal business operations. The sentiment is neutral to slightly positive as it reflects executive compensation and alignment with company performance.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in the insurance industry.
Key Dates
| Date | Description |
|---|---|
| 03/01/2019 | Options with exercise price of $43.59 became fully exercisable. |
| 02/28/2020 | Options with exercise price of $48.89 became fully exercisable. |
| 02/27/2021 | Options with exercise price of $53.81 became fully exercisable. |
| 02/26/2022 | Options with exercise price of $49.01 became fully exercisable. |
| 02/25/2023 | Options with exercise price of $55.27 became fully exercisable. |
| 02/23/2024 | Options with exercise price of $51.87 became fully exercisable. |
| 02/28/2024 | One-third of options with exercise price of $78.28 became exercisable. |
| 02/23/2025 | Options with exercise price of $69.41 became fully exercisable. |
| 02/20/2025 | Performance share certification reported on Form 4. |
| 02/21/2025 | Disposition of 5,784 shares to cover tax withholding. |
| 02/24/2025 | Date of Form 4 signature. |
| 02/28/2025 | An additional one-third of options with exercise price of $78.28 will become exercisable. |
| 02/27/2025 | One-third of options with exercise price of $95.74 will become exercisable. |
| 02/28/2026 | The remaining one-third of options with exercise price of $78.28 will become exercisable. |
| 02/27/2026 | An additional one-third of options with exercise price of $95.74 will become exercisable. |
| 03/01/2026 | Expiration date for options with exercise price of $43.59. |
| 02/27/2027 | The remaining one-third of options with exercise price of $95.74 will become exercisable. |
| 02/28/2027 | Expiration date for options with exercise price of $48.89. |
| 02/27/2028 | Expiration date for options with exercise price of $53.81. |
| 02/26/2029 | Expiration date for options with exercise price of $49.01. |
| 02/25/2030 | Expiration date for options with exercise price of $55.27. |
| 02/23/2031 | Expiration date for options with exercise price of $51.87. |
| 02/23/2032 | Expiration date for options with exercise price of $69.41. |
| 02/28/2033 | Expiration date for options with exercise price of $78.28. |
| 02/27/2034 | Expiration date for options with exercise price of $95.74. |
Keywords
Form 4, Hartford Insurance Group, HIG, Robert Paiano, Stock Options, Beneficial Ownership, Tax Withholding, Equity Securities, Disposition
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