Hartford (NYSE: HIG) CRO reports small tax-related share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hartford Insurance Group EVP & Chief Risk Officer Prateek Chhabra reported a small, non-market transaction related to tax obligations. On a distribution of restricted stock units under The Hartford's 2025 Long Term Incentive Stock Plan, 6 shares of common stock were withheld at $136.19 per share to satisfy tax withholding requirements, a routine administrative disposition rather than an open-market sale.
After this event, Chhabra directly holds 15,046.243 shares of common stock. He also holds stock options on 4,095 shares with an exercise price of $140.54 per share, expiring on February 24, 2036, which vest in three equal annual installments from February 24, 2027 through February 24, 2029, and 2,394.556 restricted stock units as an additional equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Chhabra Prateek
Role
EVP & Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 6 | $136.19 | $817.14 |
| holding | Stock Option | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Common Stock — 15,046.243 shares (Direct);
Stock Option — 4,095 shares (Direct);
Restricted Stock Units — 2,394.556 shares (Direct)
Footnotes (1)
- 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 2025 Long Term Incentive Stock Plan. 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.
Key Figures
Tax-withheld shares: 6 shares
Tax-withholding price: $136.19 per share
Common shares held: 15,046.243 shares
+4 more
7 metrics
Tax-withheld shares
6 shares
Common stock withheld for tax obligations at $136.19 per share
Tax-withholding price
$136.19 per share
Price used for 6-share tax-withholding disposition
Common shares held
15,046.243 shares
Direct HIG common stock holdings after transaction
Stock option underlying shares
4,095 shares
Underlying HIG common stock for outstanding stock options
Stock option exercise price
$140.54 per share
Exercise price of stock options expiring February 24, 2036
Stock option expiration
February 24, 2036
Expiration date of 4,095-share stock option grant
Restricted stock units held
2,394.556 units
Outstanding RSUs held directly by the executive
Key Terms
tax withholding obligations, restricted stock units, 2025 Long Term Incentive Stock Plan, Stock Option, +1 more
5 terms
tax withholding obligations financial
"disposition to the Company of equity securities in satisfaction of tax withholding obligations in connection with a distribution"
restricted stock units financial
"distribution to the reporting person of restricted stock units pursuant to The Hartford's 2025 Long Term Incentive Stock Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2025 Long Term Incentive Stock Plan financial
"restricted stock units pursuant to The Hartford's 2025 Long Term Incentive Stock Plan"
Stock Option financial
"One-third of the options will become exercisable on February 24, 2027"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
exercise price financial
"conversion_or_exercise_price: "140.5400""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What insider transaction did HIG executive Prateek Chhabra report?
EVP & Chief Risk Officer Prateek Chhabra reported a small tax-related share disposition. Six common shares were withheld at $136.19 each to cover tax obligations on a restricted stock unit distribution under The Hartford's 2025 Long Term Incentive Stock Plan.
What restricted stock unit holdings does the HIG Form 4 disclose for Chhabra?
The filing shows that Prateek Chhabra holds 2,394.556 restricted stock units. These RSUs are part of his long-term equity compensation and were linked to the tax-withholding disposition of 6 common shares under The Hartford's 2025 Long Term Incentive Stock Plan.
Does the HIG Form 4 indicate any net buying or selling by the executive?
No net buying or selling is indicated. The Form 4 categorizes the event as a tax-withholding disposition of 6 shares, with transaction summary data showing neutral net buy/sell direction and no open-market purchase or sale activity.