SEC Form 4: Christopher Swift exercised 55,752 units of Common Stock at a strike of $0.00 and disposed of $1,144,985 worth of Common Stock (22,854 units at $50.10), increasing ownership by 31% to 137,923 units
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Property-Casualty Insurers
Finance
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
HARTFORD FINANCIAL SERVICES GROUP, INC. [ HIG ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 02/17/2021 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 02/17/2021 | M | 55,752 | A | $0(1) | 160,776.68 | D | |||
| Common Stock | 02/18/2021 | F(2) | 22,854 | D | $50.1(3) | 137,922.68 | D | |||
| Common Stock | 43,179 | I | By Spouse | |||||||
| Common Stock | 41,515 | I | Swift Family Gift Trust | |||||||
| Common Stock | 110,390 | I | Swift Family Legacy Trust | |||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Performance Shares | (1) | 02/17/2021 | A | 55,752 | (1) | (1) | Common Stock | 55,752 | $0.0000 | 55,752 | D | ||||
| Performance Shares | (1) | 02/17/2021 | M | 55,752 | (1) | (1) | Common Stock | 55,752 | $0.0000 | 0.0000 | D | ||||
| Stock Option | $20.63 | (4) | 02/28/2022 | Common Stock | 148,448 | 148,448 | D | ||||||||
| Stock Option | $24.15 | (5) | 03/05/2023 | Common Stock | 141,388 | 141,388 | D | ||||||||
| Stock Option | $35.83 | (6) | 03/04/2024 | Common Stock | 103,872 | 103,872 | D | ||||||||
| Stock Option | $41.25 | (7) | 03/03/2025 | Common Stock | 301,887 | 301,887 | D | ||||||||
| Stock Option | $43.59 | (8) | 03/01/2026 | Common Stock | 294,481 | 294,481 | D | ||||||||
| Stock Option | $48.89 | (9) | 02/28/2027 | Common Stock | 302,908 | 302,908 | D | ||||||||
| Stock Option | $49.01 | (10) | 02/26/2029 | Common Stock | 352,263 | 352,263 | D | ||||||||
| Stock Option | $53.81 | (11) | 02/27/2028 | Common Stock | 284,819 | 284,819 | D | ||||||||
| Stock Option | $55.27 | (12) | 02/25/2030 | Common Stock | 327,679 | 327,679 | D | ||||||||
| Explanation of Responses: |
| 1. On February 17, 2021, 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, 2018 through December 31, 2020 performance period. The performance shares were paid in shares of the Company's common stock. |
| 2. 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. |
| 3. The closing price of the Company's common stock on February 17, 2021, the day of certification. |
| 4. The options became fully exercisable on February 28, 2015, the third anniversary of the grant date. |
| 5. The options became fully exercisable on March 5, 2016, the third anniversary of the grant date. |
| 6. The options became fully exercisable on March 4, 2017, the third anniversary of the grant date. |
| 7. The options became fully exercisable on March 3, 2018, the third anniversary of the grant date. |
| 8. The options became fully exercisable on March 1, 2019, the third anniversary of the grant date. |
| 9. The options became fully exercisable on February 28, 2020, the third anniversary of the grant date. |
| 10. One-third of the options became exercisable on February 26, 2020, an additional one-third of the options will become 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. |
| 11. One-third of the options became exercisable on February 27, 2019, an additional one-third of the options became exercisable on February 27, 2020 and the remaining one-third of the options will become exercisable on February 27, 2021, the third anniversary of the grant date. |
| 12. One-third of the options will become 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. |
| Anthony J. Salerno, Jr., Attorney-in-Fact | 02/19/2021 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||