Costello Beth Ann 4

What Happened

• Beth Ann Costello, Executive Vice President and Chief Financial Officer of Hartford Insurance Group (HIG), had performance-based awards for the 2023–2025 period certified and paid in stock. The award resulted in 28,726.676 shares being issued/converted to common stock on Feb 17, 2026.
• To satisfy tax-withholding obligations, 13,312 of those shares were disposed to the company on Feb 18, 2026 at $143.53 per share, generating proceeds/value of $1,910,671. Net shares retained from this payout are roughly 15,414.676 shares (28,726.676 issued minus 13,312 withheld).

Key Details

• Transaction dates: Award/conversion certified and issued on 2026-02-17; tax-withholding disposition on 2026-02-18.
• Prices/values: Withheld shares disposed at $143.53 each for a total of $1,910,671 (per filing footnote referencing the Feb 17 closing price).
• Shares owned after transaction: Not explicitly stated in the excerpt; net retention from this award is ~15,414.676 shares (calculated from reported numbers).
• Relevant footnotes: F1 = committee certified performance share payout (2023–2025); F2 = shares disposed to Company to cover tax withholding; F3 = $143.53 is the closing price used for value calc.
• Filing timeliness: Form 4 was filed Feb 19, 2026 for a Feb 17 transaction—appears to be filed within the typical 2-business-day window.

Context

• This was a performance-share payout (award conversion), not an open-market sale. The 13,312-share disposition was a share-withholding to cover taxes (common administrative practice), not a signal of an open-market sell-off.
• Transaction codes: A = Award/Grant (performance shares paid in stock); M = conversion/exercise of derivative (conversion of performance units to shares); F = payment of tax liability via share disposition.
• For retail investors: awards converted and withholding are routine executive compensation mechanics. Purchases (direct buys) tend to be more bullish signals than tax-withholding disposals.