HARTFORD INSURANCE GROUP, INC.·4

Feb 26, 4:06 PM ET

TOOKER ADIN M 4

Research Summary

AI-generated summary

Updated

Hartford (HIG) President Adin M. Tooker Exercises Options, Sells Shares

What Happened

  • Adin M. Tooker, President of Hartford Insurance Group (HIG), exercised 8,307 stock options at $53.81 per share (cost ~$447,000) on Feb 25, 2026 and immediately sold those 8,307 shares in an open‑market transaction at $140.54 per share for proceeds of ~$1,167,466. The transactions were effected pursuant to a Rule 10b5‑1 trading plan adopted Aug 25, 2025 (footnote F1).
  • On Feb 24, 2026 Mr. Tooker was also granted 28,982 derivative shares (option award) at $0.00 exercise price (reported as an award/derivative).

Key Details

  • Transaction dates/prices: Feb 24, 2026 (grant of 28,982 derivative shares); Feb 25, 2026 (exercise 8,307 @ $53.81; sale 8,307 @ $140.54).
  • Cash flow: exercise cost ≈ $447,000; sale proceeds ≈ $1,167,466.
  • Vesting/eligibility notes: one-third of the options enabling this exercise became exercisable on Feb 25, 2026 per the filing (footnote F10). The Feb 24, 2026 grant vests over three years (one‑third on Feb 24, 2027, then 2028 and 2029) per footnote F2.
  • Plan/authorization: sale was executed under a pre-established Rule 10b5‑1 plan adopted Aug 25, 2025 (footnote F1).
  • Shares owned after transaction: not specified in the provided filing excerpt.
  • Filing timeliness: report filed Feb 26, 2026 for transactions on Feb 24–25, 2026 (no late‑filing flag indicated).

Context

  • This was effectively a cashless exercise: options were exercised and the resulting shares were sold the same day, which is a common way executives realize gains and may be set up in advance via trading plans. The presence of a 10b5‑1 plan indicates the sales were pre‑scheduled and not ad hoc.
  • The grant of 28,982 derivative shares is a compensation award subject to multi‑year vesting; such grants do not by themselves signal immediate buying/selling intent.