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HARTFORD INSURANCE GROUP, INC.·4

Feb 4, 4:08 PM ET

Swift Christopher 4

Research Summary

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Updated

Hartford (HIG) CEO Christopher Swift Exercises Options and Sells Shares

What Happened

  • Christopher Swift, Chairman & CEO of Hartford Insurance Group (HIG), exercised 201,938 stock options (exercise price $48.89; total exercise cost reported $9,872,749) on Feb 2, 2026, and on the same day sold the 201,938 resulting shares in multiple open-market transactions for total proceeds of approximately $27.55M.
  • Sales were executed in several blocks at prices ranging roughly from $135.04 to $137.14 per share (individual blocks and proceeds listed below). The Form 4 also reports a derivative/conversion entry for 201,938 shares at $0.00 (recorded as a disposal).

Key Details

  • Transaction date: Feb 2, 2026; Form filed Feb 4, 2026.
  • Option exercise: 201,938 shares @ $48.89 = $9,872,749 (code M).
  • Sales (code S), all on Feb 2, 2026:
    • 7,598 sh @ $137.08 = $1,041,503
    • 7,845 sh @ $137.09 = $1,075,433
    • 19,734 sh @ $135.54 = $2,674,662
    • 19,834 sh @ $135.56 = $2,688,755
    • 73,390 sh @ $136.57 = $10,023,056
    • 73,537 sh @ $136.58 = $10,043,529
    • Total sold: 201,938 shares; total proceeds ≈ $27,546,938.
  • A separate derivative entry lists 201,938 shares disposed at $0.00 (reported as exercise/conversion/disposition).
  • Footnotes note the trades were executed under a Rule 10b5-1 trading plan adopted Nov 3, 2025; the exercised options were granted in 2017 and expire Feb 28, 2027.
  • Beneficial ownership after the transaction is not specified in the provided excerpt.
  • Filing appears timely (transactions 2/2/2026; Form filed 2/4/2026).

Context

  • This is an option exercise (M) followed by immediate open-market sales (S) of the same number of shares — a common pattern when executives exercise vested options and sell shares (often to cover exercise costs, taxes, or for diversification). The presence of a pre-established 10b5-1 plan indicates the sales were executed under a pre-set program, not necessarily a reactive trade.
  • Transaction codes: M = option exercise/conversion; S = sale. The $0.00 derivative disposal entry reflects how the exercise/conversion was reported on the Form 4, per the filing.