Stepnowski Amy 4
Research Summary
AI-generated summary
Hartford (HIG) EVP Amy Stepnowski Receives Performance Shares; Tax Withholding
What Happened
Amy Stepnowski, Executive Vice President of Hartford Insurance Group (HIG), received a performance-share payout of 13,030.655 shares of common stock on Feb 17, 2026 (certified by the Compensation Committee). The award was reported as a derivative grant and conversion/exercise into common shares. On Feb 18, 2026, 5,032 of those shares were surrendered to the company to cover tax withholding obligations at $143.53 per share, totaling about $722,243. This was an award/settlement (not an open-market purchase or a discretionary sale) and the withholding is a routine administrative step.
Key Details
- Transaction dates: Award/certification and conversion on Feb 17, 2026; tax-withholding disposition on Feb 18, 2026. Filing date: Feb 19, 2026 (Form 4 filed).
- Share counts & values: 13,030.655 performance shares granted/converted; 5,032 shares disposed to the company for tax withholding at $143.53/share = $722,243.
- Transaction codes in the filing: A = award/grant, M = exercise/conversion of derivative, F = disposition to cover tax withholding.
- Shares owned after the transactions: not disclosed in the excerpt provided.
- Notable footnotes: F1 — committee certified the performance payout for the 1/1/2023–12/31/2025 period; F2 — disposition to company to satisfy tax withholding; F3 — $143.53 reflects the closing price on the certification date. Other vesting footnotes in the filing (F4–F7) relate to option vesting schedules and are not directly relevant to this payout.
Context: This was a performance-based equity payout that was converted into shares and then partially surrendered to cover tax liabilities (a common cashless/stock-surrender withholding practice). Such award settlements are routine compensation events and do not necessarily indicate an insider buying or selling for investment reasons.