Company: HIG-PG
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0000874766-25-000040
Chunk: 70

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 70
---
2024, the burn rate calculation is as follows:

|      |     | Options Granted |     | Full-Value Shares Granted | Total Granted(1) |     |           |     | Weighted Average Number of Common Shares Outstanding | Burn Rate(2) |      |       |
| 2024 |     |         270,000 |     |                 1,175,000 |                  |     | 3,795,000 |     |                                          293,900,000 |              | 1.29 | %     |
| 2023 |     |         593,000 |     |                 1,287,000 |                  |     | 4,454,000 |     |                                          307,100,000 |              |      | 1.45% |
| 2022 |     |         876,000 |     |                 1,453,000 |                  |     | 5,235,000 |     |                                          324,800,000 |              |      | 1.61% |
|      |     |                 |     |                           |                  |     |           |     |                            3-year average burn rate: |              | 1.45 | %     |

(1) Full-value awards were converted to option equivalents using a conversion factor of 3.0 per ISS methodology.

(2) Calculated by dividing the total granted by the weighted average shares outstanding (basic). Excluding the conversion factor, our three-year average burn rate was 0.61% (approximately 85th percentile of our Corporate Peer Group).

The proposed additional shares, together with shares currently available, are expected to be sufficient, based on historical granting practices and the recent trading price of the common stock, to cover awards for approximately 4 years.

Given the size of the share request relative to the statistics that it reviewed, the Compensation Committee recommended to the Board approval of a request for 8,500,000 shares.

The Board recommends a vote for the approval of the 2025 Long Term Incentive Stock Plan.

| 70 |     | www.thehartford.com |

| COMPENSATION MATTERS |

| ITEM 5                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
 SHAREHOLDER PROPOSAL ON THE RIGHT TO CALL A SPECIAL MEETING                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |     |                                                                                                                                                                       |
| We have received notice of the intention of shareholder John Chevedden to present the following proposal at the Annual Meeting. In accordance with federal securities regulations