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HARTFORD INSURANCE GROUP, INC.·4

Feb 19, 4:07 PM ET

Chhabra Prateek 4

Research Summary

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Hartford (HIG) EVP Prateek Chhabra Receives Performance Shares; Tax Withholding

What Happened

  • Prateek Chhabra, EVP & Chief Risk Officer of Hartford Insurance Group (HIG), received a performance share payout of 1,480.757 shares on February 17, 2026 after the company certified results for the 2023–2025 performance period. The award was paid in common stock (no cash exercise price). To cover tax withholding, 733 of those shares were surrendered to the company at $143.53 per share, resulting in $105,207 applied to taxes. Net shares retained from the award were 747.757, worth roughly $107,326 at the closing price on the certification date.

Key Details

  • Transaction dates: Award and conversion certified/executed on Feb 17, 2026; tax-withholding disposition recorded Feb 18, 2026. Filing date (Form 4): Feb 19, 2026.
  • Transaction codes: A = award/grant (1,480.757 shares); M = conversion/exercise of derivative into common stock; F = disposition to company for tax withholding (733 shares).
  • Prices and values: Closing price used $143.53 (Feb 17, 2026). 733 shares × $143.53 = $105,207 withheld. Gross value of the award ≈ $212,533; net retained value ≈ $107,326.
  • Shares owned after transaction: The filing shows 1,480.757 shares were issued and 733 were surrendered; the Form 4 provided does not list total HIG shares owned by Chhabra after these transactions.
  • Footnotes: Committee certified performance share payout for the Jan 1, 2023–Dec 31, 2025 period (F1). The 733-share disposition was to the company to satisfy tax withholding under administrative rules (F2). $143.53 is the closing price on the certification date (F3).
  • Timeliness: Form 4 was filed Feb 19 for Feb 17 transactions, which appears to be timely (Form 4 is generally due within 2 business days).

Context

  • This was a performance-share payout paid in stock, not an open-market purchase or sale by the insider. The surrender of shares to the company was a tax-withholding action (common practice) rather than an independent sale on the market; such withholding is routine and does not necessarily indicate a change in insider sentiment.