Sec Form 4 Filing - Costello Beth Ann @ HARTFORD FINANCIAL SERVICES GROUP, INC. - 2024-02-20

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Costello Beth Ann
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)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP and CFO
(Last) (First) (Middle)
ONE HARTFORD PLAZA
3. Date of Earliest Transaction (MM/DD/YY)
02/20/2024
(Street)
HARTFORD, CT06155
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 02/20/2024 M 41,003.254 A $ 0 ( 1 ) 98,208.618 D
Common Stock 02/21/2024 F( 2 ) 19,040 D $ 93.43 ( 3 ) 79,168.618 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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 Sh ares ( 1 ) 02/20/2024 A 41,003.254 ( 1 ) ( 1 ) Common Stock 41,003.254 $ 0 41,003.254 D
Performance Shares ( 1 ) 02/20/2024 M 41,003.254 ( 1 ) ( 1 ) Common Stock 41,003.254 $ 0 0 D
Stock Option $ 41.25 ( 4 ) 03/03/2025 Common Stock 38,915 38,915 D
Stock Option $ 43.59 ( 5 ) 03/01/2026 Common Stock 72,076 72,076 D
Stock Option $ 48.89 ( 6 ) 02/28/2027 Common Stock 70,679 70,679 D
Stock Option $ 49.01 ( 7 ) 02/26/2029 Common Stock 75,790 75,790 D
Stock Option $ 51.87 ( 8 ) 02/23/2031 Common Stock 67,204 67,204 D
Stock Option $ 53.81 ( 9 ) 02/27/2028 Common Stock 63,194 63,194 D
Stock Option $ 55.27 ( 10 ) 02/25/2030 Common Stock 71,318 71,318 D
Stock Option $ 69.41 ( 11 ) 02/23/2032 Common Stock 75,483 75,483 D
Stock Option $ 78.28 ( 12 ) 02/28/2033 Common Stock 57,492 57,492 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Costello Beth Ann
ONE HARTFORD PLAZA
HARTFORD, CT06155
EVP and CFO
Signatures
/s/ Anthony J. Salerno, Attorney-in-Fact 02/22/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On February 20, 2024, 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, 2021 through December 31, 2023 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 20, 2024, the day of certification.
( 4 )The options became fully exercisable on March 3, 2018, the third anniversary of the grant date.
( 5 )The options became fully exercisable on March 1, 2019, the third anniversary of the grant date
( 6 )The options became fully exercisable on February 28, 2020, the third anniversary of the grant date.
( 7 )The options became fully exercisable on February 26, 2022, the third anniversary of the grant date.
( 8 )One-third of the options became exercisable on February 23, 2022, an additional one-third of the options became 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.
( 9 )The options became fully exercisable on February 27, 2021, the third anniversary of the grant date.
( 10 )The options became fully exercisable on February 25, 2023, the third anniversary of the grant date.
( 11 )One-third of the options became exercisable on February 23, 2023, an additional one-third of the options will become exercisable on February 23, 2024 and the remaining one-third of the options will become exercisable on February 23, 2025, the third anniversary of the grant date.
( 12 )One-third of the options will become exercisable on February 28, 2024, an additional one-third of the options will become exercisable on February 28, 2025 and the remaining one-third of the options will become exercisable on February 28, 2026, the third anniversary of the grant date.

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