Hartford (HIG) President Adin M. Tooker Exercises Options, Sells 8,895 Shares

What Happened Adin M. Tooker, President of Hartford Insurance Group (HIG), exercised 8,895 stock options at a $49.01 strike (cost $435,944) and immediately sold those 8,895 shares in the open market at $135.13 each for $1,201,981 on May 27, 2026. The filing shows the derivative was converted and the shares were disposed the same day — effectively a same-day (cashless) exercise and sale. Net proceeds (sale minus exercise cost) were about $766,037 before taxes and fees.

Key Details

• Transaction date: May 27, 2026; Form 4 filed May 29, 2026 (timely).
• Exercise: 8,895 shares at $49.01 = $435,944 (Code M — option exercise).
• Sale: 8,895 shares at $135.13 = $1,201,981 (Code S — open market sale).
• Derivative conversion line: 8,895 shares @ $0.00 listed as disposed (reflects conversion/settlement of the option).
• Trade executed pursuant to a 10b5-1 trading plan adopted August 25, 2025 (footnote F1).
• Shares owned after the transaction: not disclosed in the provided summary of the Form 4.

Context

• This is a routine insider liquidity event: exercising vested options and selling the resulting shares the same day is common and often structured via a cashless exercise or pre-set 10b5-1 plan to avoid timing issues.
• The filing is factual and does not indicate motivation; purchases typically carry more interpretive weight than sales.
• Transaction codes: M = option exercise; S = sale. The 10b5-1 plan note means the sales were executed under a pre-established trading plan.