Pannala Shekar 4
4 · HARTFORD INSURANCE GROUP, INC. · Filed May 6, 2026
Research Summary
AI-generated summary of this filing
Hartford (HIG) EVP Shekar Sells 7,074 Shares (~$960.7K)
What Happened
Pannala Shekar, EVP and Chief Information Officer of Hartford Insurance Group (HIG), had 7,074 shares of company stock disposed/withheld to satisfy tax withholding in connection with a restricted stock unit (RSU) distribution. The shares were valued at $135.81 each for a total of approximately $960,720. This was a tax-withholding disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date and price: May 4, 2026 — 7,074 shares at $135.81 per share (≈ $960,720).
- Filing date: May 6, 2026 (Form 4 filed promptly after the transaction).
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes: F1 confirms the disposition was to the company to satisfy tax withholding for RSUs under The Hartford's 2020 Stock Incentive Plan. F2 notes the filing also reports 401(k) share-equivalent holdings information; F3 (unrelated to this disposition) describes an option vesting schedule.
- Transaction type: Code F — tax withholding (routine administrative action).
Context
This transaction represents a routine withholding of shares to cover taxes on RSU compensation (similar to a cashless sale) and should not be read as an independent bullish or bearish trade by the insider. No evidence in this filing indicates intent beyond satisfying tax obligations related to equity compensation.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-05-04$135.81/sh−7,074$960,720→ 8,546.086 total
- 5,929.742
Restricted Stock Units
- 293.536(indirect: By 401(k))
Common Stock
[F2] - 10,081
Stock Option
[F3]Exercise: $140.54Exp: 2036-02-24→ Common Stock (10,081 underlying)
Footnotes (3)
- [F1]Transaction involving a disposition to the Company of equity securities in satisfaction of tax withholding obligations in connection with a distribution to the reporting person of restricted stock units pursuant to The Hartford's 2020 Stock Incentive Plan.
- [F2]This figure represents the reporting person's approximate share equivalent holdings in The Hartford Stock Fund (the "Fund") under the Company's 401(k) plan. The Fund consists of Company common stock (typically 99% of the Fund value) and short-term investments (typically less than 1% of the Fund value) and the number of share equivalents varies depending on the performance of the Company, the overall stock market, the amount of cash awaiting investment, and the performance and amount of short-term investments held by the Fund, less any expense accrued against the Fund. The number of shares attributed to the reporting person and expressed as share equivalents is based on information furnished by the 401(k) plan administrator as of May 4, 2026.
- [F3]One-third of the options will become exercisable on February 24, 2027, an additional one-third of the options will become exercisable on February 24, 2028 and the remaining one-third of the options will become exercisable on February 24, 2029, the third anniversary of the grant date.