Chhabra Prateek 4
Research Summary
AI-generated summary
Hartford (HIG) EVP Prateek Chhabra Receives 4,095-Share Award
What Happened
- Prateek Chhabra, EVP and Chief Risk Officer of Hartford Insurance Group (HIG), received a derivative award reported as 4,095 shares on 2026-02-24. The filing reports the acquisition at $0.00 per share, consistent with an option or restricted award grant rather than an open-market purchase or sale.
- The award is a time-vested option grant: one-third of the options vest on Feb 24, 2027, another third on Feb 24, 2028, and the remainder on Feb 24, 2029. There was no immediate sale of shares.
Key Details
- Transaction date: 2026-02-24; Filing date: 2026-02-26 (timely; within the usual 2-business-day Form 4 window).
- Reported amount: 4,095 derivative shares; reported price: $0.00 per share.
- Vesting: One-third vests 2/24/2027, one-third 2/24/2028, final third 2/24/2029 (see footnote F1).
- Shares owned after the transaction and the award’s exercise/strike price are not specified in the provided filing excerpt.
- Transaction type on the Form 4: A = Award/Grant (derivative instrument).
Context
- This is a grant of stock-based compensation (options/awards) to an executive; such grants are common for retention and incentive purposes and do not represent an immediate market buy or sell.
- Because the exercise price or other economic terms aren’t shown here, you can’t infer the grant’s market value from this filing alone.