Hunt Donald Christian 4
Research Summary
AI-generated summary
Hartford (HIG) EVP Donald Hunt Receives 1,777 Shares; 861 Withheld
What Happened
Donald Christian Hunt, Executive Vice President & General Counsel of Hartford Insurance Group (HIG), was awarded 1,776.908 performance shares on Feb 17, 2026 as a performance-share payout (no cash exercise price). The award had a closing-market value of about $255,040 based on the Feb 17 closing price of $143.53 per share. To cover tax withholding obligations, 861 shares were surrendered to the company on Feb 18 at $143.53 each for proceeds of approximately $123,579, leaving a net delivery of about 915.908 shares to Mr. Hunt.
Key Details
- Transaction dates: Award/conversion on 2026-02-17; tax-withholding disposition on 2026-02-18. Form 4 filed 2026-02-19.
- Shares awarded: 1,776.908 performance shares (code A / conversion M, $0 exercise price).
- Shares withheld for taxes: 861 shares (code F) at $143.53 each; withholding value ≈ $123,579.
- Implied market value of full award (Feb 17 close $143.53): ≈ $255,040. Net shares retained from this award ≈ 915.908.
- Footnotes: F1 = committee-certified performance-share payout for the 2023–2025 performance period; F2 = shares were surrendered to the company to satisfy tax withholding; F3 = $143.53 is the Feb 17 closing price.
- Filing timeliness: Report covers 2/17–2/18 transactions and was filed 2/19 — appears timely under Form 4 rules.
- Shares owned after transaction: Not specified in the excerpt provided.
Context
This was an equity award (performance shares) paid in stock, not an open-market purchase or discretionary sale. The surrender of 861 shares to the company is a standard tax-withholding action (a cashless method of satisfying taxes) and does not necessarily signal a change in the insider’s view of the company.