Swift Christopher 4

What Happened

• Christopher Swift, Chairman, CEO and Director of Hartford Financial Services Group, received 124,383.537 shares as a performance-based award certified by the Compensation and Management Development Committee (performance period 1/1/2023–12/31/2025). The award was paid in common stock.
• To satisfy tax withholding on the award, 57,640 shares were delivered to the company (reported as a disposition) at $143.53 per share, generating about $8,273,069. After the withholding, Swift’s net increase from this award was 66,743.537 shares.

Key Details

• Transaction dates: award/certification and conversion reported 2026-02-17; tax-withholding disposition reported 2026-02-18. Form 4 filed 2026-02-19 (filed timely).
• Award size: 124,383.537 shares (performance share payout). Tax withholding: 57,640 shares at $143.53/share = $8,273,069.
• Net new shares retained by Swift: 124,383.537 − 57,640 = 66,743.537 shares.
• Relevant footnotes from the filing:
  • F1: Committee certified the performance share payout for the 2023–2025 performance period; paid in common stock.
  • F2: Disposition of shares to the company was to cover tax withholding obligations under company administrative rules.
  • F3: $143.53 is the closing price on Feb 17, 2026 (day of certification).
• Transaction codes: A = Award/Grant, M = Exercise/conversion of derivative, F = Payment of exercise price or tax liability (withholding). No late filing was indicated.

Context

• This was not an open‑market sale for liquidity; shares were surrendered/withheld to satisfy tax obligations from a performance award (a common, administrative “cashless” tax withholding). The primary event is a compensation-related issuance (award converted to common shares), not a discretionary purchase or sale signaling investment intent.