Hartford (NYSE: HIG) EVP awarded 10,081 new stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HARTFORD INSURANCE GROUP, INC. reported that EVP & Chief Information Officer Shekar Pannala received a grant of 10,081 stock options on February 24, 2026, at an exercise price of $0 per option as a form of equity compensation.
One-third of these options will vest on February 24, 2027, another third on February 24, 2028, and the remaining third on February 24, 2029. Following this grant, Pannala holds 633.399 shares of common stock directly, 20,687.123 restricted stock units, and 254.525 additional common-share equivalents held indirectly through the company’s 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Pannala Shekar
Role
EVP & Chief Information Ofc.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option | 10,081 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option — 10,081 shares (Direct);
Common Stock — 633.399 shares (Direct);
Restricted Stock Units — 20,687.123 shares (Direct);
Common Stock — 254.525 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- This figure represents the reporting person's approximate share equivalent holdings in The Hartford Stock Fund (the "Fund") under the Company's 401(k) plan. The Fund consists of Company common stock (typically 99% of the Fund value) and short-term investments (typically less than 1% of the Fund value) and the number of share equivalents varies depending on the performance of the Company, the overall stock market, the amount of cash awaiting investment, and the performance and amount of short-term investments held by the Fund, less any expense accrued against the Fund. The number of shares attributed to the reporting person and expressed as share equivalents is based on information furnished by the 401(k) plan administrator as of February 24, 2026. One-third of the options will become exercisable on February 24, 2027, an additional one-third of the options will become exercisable on February 24, 2028 and the remaining one-third of the options will become exercisable on February 24, 2029, the third anniversary of the grant date.
FAQ
What did HIG executive Shekar Pannala report in this Form 4 filing?
Shekar Pannala reported receiving a grant of 10,081 stock options in Hartford Insurance Group on February 24, 2026. The filing also details his updated direct common stock, restricted stock unit, and 401(k) share-equivalent holdings after the award was recorded.
How do the 10,081 HIG stock options granted to Shekar Pannala vest?
The 10,081 stock options vest in three equal installments over three years. One-third becomes exercisable on February 24, 2027, another third on February 24, 2028, and the final third on February 24, 2029, the third anniversary of the grant date.
What are Shekar Pannala’s direct HIG common stock and RSU holdings after this grant?
After the reported transactions, Shekar Pannala holds 633.399 shares of Hartford common stock directly and 20,687.123 restricted stock units. These positions reflect his equity stake outside the newly granted 10,081 stock options disclosed in the Form 4 filing.
What does a transaction code A mean in Shekar Pannala’s HIG Form 4?
Transaction code A in the Form 4 describes a grant, award, or other acquisition of a derivative security. In this case, it refers to the award of 10,081 Hartford stock options to executive Shekar Pannala at an exercise price of $0 per option.