Swift Christopher 4

What Happened

• Christopher Swift, Chairman & CEO of Hartford Insurance Group (HIG), exercised 100,970 stock options on Feb 4, 2026 (exercise price $48.89) and immediately sold the 100,970 shares in open-market transactions the same day. The exercise cost was $4,936,423; the two sales generated aggregate proceeds of $14,214,272. This was a sale (routine liquidity) rather than a new purchase.

Key Details

• Transaction date: 2026-02-04 (Form 4 filed 2026-02-06; appears timely).
• Option exercise: 100,970 shares acquired at $48.89 each; total cost $4,936,423. (M = option exercise)
• Sales: 19,778 shares sold at a weighted avg $141.19 (range $141.00–$141.47) for $2,792,482; 81,192 shares sold at a weighted avg $140.68 (range $140.00–$140.99) for $11,421,790. Total sale proceeds ≈ $14,214,272.
• Net proceeds before taxes/fees ≈ $9,277,849 (sale proceeds minus exercise cost).
• Shares owned after transaction: not specified in the provided excerpt.
• Notable footnotes: sales were effected under a Rule 10b5‑1 trading plan adopted Nov 3, 2025. The exercised options were granted in 2017 and are scheduled to expire Feb 28, 2027. A separate Form line shows the derivative instrument was canceled on exercise (zero-dollar disposition), which is standard when options are converted to shares.

Context

• Because the options were exercised and the resulting shares were sold the same day under a pre-established 10b5‑1 plan, this is effectively a cashless exercise for liquidity purposes rather than a fresh buy signal. Such transactions are common for executives exercising long‑held grants; they are factual disclosures of conversion and sale, not an explicit statement of company outlook.