Niderno Allison G 4
Research Summary
AI-generated summary
Hartford (HIG) SVP Allison G. Niderno Receives 551.444-Share Award ($77.5K)
What Happened
- Allison G. Niderno, SVP & Controller of Hartford Insurance Group (HIG), was credited with 551.444 share equivalents in the company's stock fund on February 24, 2026. The filing reports an acquisition (code A) at an attributable price of $140.54 per share, totaling $77,500.
- This was an award/allocation to the Hartford Stock Fund within the company 401(k) plan (share equivalents), not an open‑market purchase of directly held shares.
Key Details
- Transaction date and price: 2026-02-24 at $140.54 per share (reported value $77,500).
- Shares recorded in this transaction: 551.444 share equivalents.
- Shares owned after transaction: Not specified in the Form 4; the filing reports the amount as share equivalents furnished by the 401(k) plan administrator as of Feb 24, 2026.
- Footnote: The reported amount reflects approximate share equivalents in the Hartford Stock Fund (typically ~99% company stock, <1% short-term investments). The number of share equivalents can change with fund performance, cash awaiting investment, and short‑term holdings.
- Filing timeliness: Reported on 2026-02-26 for a 2026-02-24 transaction; the filing does not indicate a late report.
Context
- These are plan share equivalents (401(k) fund units) rather than a direct stock purchase or option exercise; such allocations reflect retirement-plan holdings and can fluctuate with the fund’s valuation.
- For retail investors, plan allocations signal insider participation in company stock ownership but are generally routine administrative transactions and do not necessarily indicate a discrete investment decision.