TOOKER ADIN M 4
Research Summary
AI-generated summary
Hartford (HIG) President Adin M. Tooker Receives Award, Surrenders 5,655
What Happened
- Adin M. Tooker, President of Hartford Insurance Group (HIG), was paid a performance share award that converted into 12,142.203 shares of common stock on Feb 17, 2026. Those shares were granted/converted at no purchase price (reported as $0).
- To satisfy tax-withholding obligations, 5,655 shares were surrendered to the company (reported as a disposition) on Feb 18, 2026, valued at $143.53 per share for a total withholding of about $811,662. Net shares retained from this award are 6,487.203.
Key Details
- Transaction dates and prices:
- Feb 17, 2026: Performance share payout / conversion to 12,142.203 shares (grant/exercise entries at $0).
- Feb 18, 2026: 5,655 shares disposed to the company for tax withholding at $143.53/share = $811,662 (per footnote, $143.53 was the closing price on Feb 17).
- Net shares retained from the award: 12,142.203 − 5,655 = 6,487.203 shares.
- Relevant footnotes: F1 confirms the payout was a performance-share certification for the 2023–2025 performance period; F2 notes the disposition was to the company to cover tax withholding; F3 cites the closing price used.
- Filing timeliness: Report filed 2026-02-19 covering transactions on 2026-02-17–18. No late filing indication was provided.
Context
- This was a performance-share payout converted into stock (derivative-to-stock conversion), not a cash purchase. The subsequent surrender of shares to the company is a common administrative tax-withholding action (not an open-market sale).
- Because these were compensation shares paid by the company, the $0 exercise price reflects a grant/conversion rather than a cash exercise of stock options.