Hartford (NYSE: HIG) CFO reports performance share payout and tax-share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HARTFORD INSURANCE GROUP, INC. EVP and CFO Beth Ann Costello reported equity compensation transactions tied to a certified performance share award covering the January 1, 2023 through December 31, 2025 period. Performance shares were settled in common stock, increasing her direct common holdings to 106,300.282 shares before taxes.
On February 18, 2026, 13,312 common shares were disposed of back to the company at $143.53 per share to satisfy tax withholding obligations arising from the award certification. After this tax-withholding disposition, she directly owns 92,988.282 common shares, in addition to multiple vested and vesting stock option grants.
Positive
- None.
Negative
- None.
Insider Trade Summary
28,726.676 shares exercised/converted
Mixed
12 txns
Insider
Costello Beth Ann
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 13,312 | $143.53 | $1.91M |
| Grant/Award | Performance Shares | 28,726.676 | $0.00 | -- |
| Exercise | Performance Shares | 28,726.676 | $0.00 | -- |
| Exercise | Common Stock | 28,726.676 | $0.00 | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
Holdings After Transaction:
Common Stock — 92,988.282 shares (Direct);
Performance Shares — 28,726.676 shares (Direct);
Stock Option — 75,790 shares (Direct)
Footnotes (1)
- On February 17, 2026, 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, 2023 through December 31, 2025 performance period. The performance shares were paid in shares of the Company's common stock. 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. The closing price of the Company's common stock on February 17, 2026, the day of certification. The options became fully exercisable on February 26, 2022, the third anniversary of the grant date. The options became fully exercisable on February 23, 2024, the third anniversary of the grant date. The options became fully exercisable on February 27, 2021, the third anniversary of the grant date. The options became fully exercisable on February 25, 2023, the third anniversary of the grant date. The options became fully exercisable on February 23, 2025, the third anniversary of the grant date. One-third of the options became exercisable on February 28, 2024, an additional one-third of the options became 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. One-third of the options became exercisable on February 27, 2025, an additional one-third of the options will become exercisable on February 27, 2026 and the remaining one-third of the options will become exercisable on February 27, 2027, the third anniversary of the grant date. One-third of the options will become exercisable on February 25, 2026, an additional one-third of the options will become exercisable on February 25, 2027 and the remaining one-third of the options will become exercisable on February 25, 2028, the third anniversary of the grant date.
FAQ
What insider transactions did HIG EVP and CFO Beth Ann Costello report?
Beth Ann Costello reported a certified performance share award that converted into common stock and a related tax-withholding disposition. Performance shares for the 2023–2025 period were paid in common stock, with some shares returned to the company to cover tax obligations.
What is Beth Ann Costello’s Hartford (HIG) common stock ownership after these Form 4 transactions?
After the reported equity transactions, Beth Ann Costello directly owns 92,988.282 shares of Hartford’s common stock. This figure reflects the net position following the conversion of performance shares into common stock and the subsequent tax-withholding disposition to the company.
Were the HIG CFO’s reported dispositions open-market sales of common stock?
No. The disposition involved shares delivered back to the company to satisfy tax withholding obligations. The transaction was described as a disposition to the company under its administrative rules, following the certification and payout of performance shares in common stock.
What types of equity awards and holdings does the HIG CFO report on this Form 4?
She reports performance shares that were granted, then exercised into common stock, and subsequent common stock holdings. Multiple stock option grants are also listed, many fully exercisable, with specified tranches becoming exercisable on future February anniversaries of the respective grant dates.