Rodden Lori A 4
Research Summary
AI-generated summary
Hartford (HIG) EVP Lori Rodden Receives Awards Worth $1.25M
What Happened
Lori A. Rodden, Executive Vice President of Hartford Insurance Group (HIG), was granted equity awards on February 24, 2026. The Form 4 shows (1) 8,894.265 shares reported at $140.54 per share (total reported value $1,250,000) and (2) 9,136 derivative shares reported at $0.00 (a grant of options/other equity-linked rights). Both items are reported as awards/grants (transaction code A) — not sales.
Key Details
- Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (filed within the typical 2-business-day window).
- Award 1: 8,894.265 shares @ $140.54 — reported value $1,250,000.
- Award 2 (derivative): 9,136 shares reported at $0.00 (derivative award, e.g., options or rights).
- Shares owned after transaction: not specified in the provided filing data.
- Notable footnote: F1 states one-third of the options will become exercisable on Feb 24, 2027, another third on Feb 24, 2028, and the final third on Feb 24, 2029 (vesting schedule). Other footnotes (F2–F5) in the filing describe vesting schedules for prior grants; see the full filing for details.
Context
- The derivative line is a grant (not an exercised option or a sale). The $0.00 reporting typically means a grant of options/rights rather than a cash purchase; vesting is governed by the footnote schedules.
- These are awards to an executive rather than open-market purchases or sales; awards are common for compensation and do not, by themselves, indicate an intent to buy or sell shares immediately.