Rodden Lori A 4
Research Summary
AI-generated summary
Hartford (HIG) EVP Lori Rodden Exercises Options, Sells 40,693 Shares
What Happened
Lori A. Rodden, Executive Vice President of Hartford Insurance Group (HIG), exercised a total of 40,693 stock options on March 10, 2026 (30,193 shares at $69.41 and 10,500 shares at $78.28) and sold the same 40,693 shares in open-market transactions that day. Exercise cash paid: $2,917,636 (per filing). Sale proceeds reported: $5,617,537 (two weighted-average sale prices reported). The transactions reflect an immediate sell of the shares received on exercise (cashless-like outcome).
Key Details
- Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (appears timely).
- Options exercised: 30,193 shares @ $69.41 = $2,095,696; 10,500 shares @ $78.28 = $821,940.
- Shares sold: 30,193 shares at a weighted average sale price ~ $138.04 = $4,167,893; 10,500 shares at weighted avg ~ $138.06 = $1,449,644. Total proceeds ≈ $5,617,537.
- Net proceeds (sales minus exercise cost) ≈ $2,699,901.
- Filing notes: weighted-average sale price ranges reported (F1: $138.06–$138.10; F2: $137.98–$138.22). Zero-dollar “Disposed” entries reflect the derivative/option exercise reporting.
- Shares owned after the transactions: not specified in the excerpt of the filing provided.
- Vesting/eligibility: footnotes indicate the options were vested/vested in tranches (e.g., some grants fully exercisable on Feb 23, 2025 and Feb 28, 2026 — see F3–F7).
Context
This is an options exercise followed by immediate open-market sales of the acquired shares (commonly results in a cash-neutral or net-cash-outcome for the insider). Such transactions are routine for employees exercising vested options and selling shares to cover costs or realize gains; they are factual disclosures of insider activity and not, by themselves, a directional market signal.