Hartford (NYSE: HIG) CEO logs performance share award and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hartford Insurance Group Chairman and CEO Christopher Swift reported equity compensation activity tied to a long-term performance program. On February 17, 2026, he was credited with 124,383.537 performance shares based on company results for the January 1, 2023 through December 31, 2025 performance period, paid in shares of common stock.
Those performance shares were exercised and converted into an equal number of common shares, bringing his direct common stock holdings to 319,200.485 shares before tax withholding. On February 18, 2026, 57,640 common shares were surrendered back to the company at $143.53 per share to cover tax obligations, leaving 261,560.485 common shares held directly.
Separate from these transactions, Swift also reports indirect ownership of common stock held by his spouse and in Swift family trusts, and continues to hold multiple stock option grants with vesting schedules extending through 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
124,383.537 shares exercised/converted
Mixed
15 txns
Insider
Swift Christopher
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 57,640 | $143.53 | $8.27M |
| Grant/Award | Performance Shares | 124,383.537 | $0.00 | -- |
| Exercise | Performance Shares | 124,383.537 | $0.00 | -- |
| Exercise | Common Stock | 124,383.537 | $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 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 261,560.485 shares (Direct);
Performance Shares — 124,383.537 shares (Direct);
Stock Option — 352,263 shares (Direct);
Common Stock — 40,003 shares (Indirect, By Spouse)
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 CEO Christopher Swift report in this Form 4?
Christopher Swift reported a performance share payout converting into common stock and a related tax-withholding share surrender. Performance shares for a 2023–2025 period were paid in stock, then 57,640 shares were returned to the company to cover tax obligations at a set market price.
What are Christopher Swift’s direct common stock holdings in HIG after these transactions?
After the performance share conversion and tax-withholding surrender, Christopher Swift directly holds 261,560.485 shares of Hartford common stock. This reflects the net result of receiving 124,383.537 new shares and then surrendering 57,640 shares back to the company for tax obligations.
Does the HIG CEO hold any indirect ownership or stock options following this Form 4?
Yes. Beyond his direct shares, Swift reports indirect ownership of Hartford common stock through his spouse and family trusts. He also reports several outstanding stock option awards, with portions already exercisable and additional tranches scheduled to vest between 2026 and 2028.