ELLIOT DOUGLAS G - 14 Feb 2022 Form 4 Insider Report for HARTFORD FINANCIAL SERVICES GROUP, INC. (HIG)

Role
President
Signature
Anthony J. Salerno, Jr., Attorney-in-Fact
Issuer symbol
HIG
Transactions as of
14 Feb 2022
Net transactions value
-$2,662,754
Form type
4
Filing time
16 Feb 2022, 15:37:38 UTC
Previous filing
05 Jan 2022
Next filing
25 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HIG Common Stock Options Exercise $0 +82,488 +40% $0.000000 289,358 14 Feb 2022 Direct F1
transaction HIG Common Stock Tax liability $2,662,754 -38,225 -13% $69.66 251,133 15 Feb 2022 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HIG Performance Shares Award $0 +82,488 $0.000000 82,488 14 Feb 2022 Common Stock 82,488 Direct F1
transaction HIG Performance Shares Options Exercise $0 -82,488 -100% $0.000000* 0 14 Feb 2022 Common Stock 82,488 Direct F1
holding HIG Stock Option 207,547 14 Feb 2022 Common Stock 207,547 $41.25 Direct F4
holding HIG Stock Option 190,486 14 Feb 2022 Common Stock 190,486 $43.59 Direct F5
holding HIG Stock Option 201,939 14 Feb 2022 Common Stock 201,939 $48.89 Direct F6
holding HIG Stock Option 219,898 14 Feb 2022 Common Stock 219,898 $49.01 Direct F7
holding HIG Stock Option 183,132 14 Feb 2022 Common Stock 183,132 $51.87 Direct F8
holding HIG Stock Option 178,012 14 Feb 2022 Common Stock 178,012 $53.81 Direct F9
holding HIG Stock Option 204,703 14 Feb 2022 Common Stock 204,703 $55.27 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 14, 2022, the Company's Compensation and Management Development Committee certified a performance share payout based on the level of the Company's performance relative to pre-established objectives for the January 1, 2019 through December 31, 2021 performance period. The performance shares were paid in shares of the Company's common stock.
F2 Transaction involving a disposition to the Company of equity securities to cover tax withholding obligations arising from the performance share certification reported on this Form 4, in accordance with the Company's administrative rules.
F3 The closing price of the Company's common stock on February 14, 2022, the day of certification.
F4 The options became fully exercisable on March 3, 2018, the third anniversary of the grant date.
F5 The options became fully exercisable on March 1, 2019, the third anniversary of the grant date.
F6 The options became fully exercisable on February 28, 2020, the third anniversary of the grant date.
F7 One-third of the options became exercisable on February 26, 2020, an additional one-third of the options became exercisable on February 26, 2021 and the remaining one-third of the options will become exercisable on February 26, 2022, the third anniversary of the grant date.
F8 One-third of the options will become exercisable on February 23, 2022, an additional one-third of the options will become exercisable on February 23, 2023 and the remaining one-third of the options will become exercisable on February 23, 2024, the third anniversary of the grant date.
F9 The options became fully exercisable on February 27, 2021, the third anniversary of the grant date.
F10 One-third of the options became exercisable on February 25, 2021, an additional one-third of the options will become exercisable on February 25, 2022 and the remaining one-third of the options will become exercisable on February 25, 2023, the third anniversary of the grant date.