Costello Beth Ann 4
Research Summary
AI-generated summary
Hartford (HIG) CFO Beth Ann Costello Receives 22,051 Option Award
What Happened
- Beth Ann Costello, EVP and Chief Financial Officer of Hartford Insurance Group (HIG), was granted 22,051 derivative securities reported as an award (Form 4 code A) on 2026-02-24. The filing shows an acquisition price of $0.00 (this indicates a compensation award rather than a market purchase); total value is reported as $0 in the excerpt. Footnote F1 identifies these awards as stock options with a three‑year vesting schedule.
Key Details
- Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (filed on time; not marked late).
- Transaction type/code: Grant/Award of derivative securities (A).
- Quantity and price: 22,051 options; reported acquisition price $0.00 (grant).
- Vesting (per footnote F1): one‑third exercisable on 02/24/2027, one‑third on 02/24/2028, and the remainder on 02/24/2029 (fully vested by 3rd anniversary).
- Exercise price/market value: Not specified in the provided excerpt (the $0 in the filing reflects the grant; exercise price may be disclosed elsewhere).
- Shares owned after transaction: Not specified in the provided excerpt.
- Additional notes: The filing includes several footnotes (F2–F9) listing vesting/exercise dates for prior option grants.
Context
- This was a compensation grant of options (a derivative award), not a cash purchase or sale. Grants do not require an immediate cash outlay by the insider and are a routine part of executive compensation; they do not by themselves signal buying or selling by the insider.
- Future Form 4 filings would report any exercises or sales of these options or underlying shares. If you want exercise price or full award terms, check the company’s proxy statement or the full Form 4 filing for complete details.