Company: HIG-PG
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0000874766-25-000040
Chunk: 105

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 105
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 grant of Awards under this Plan;

7. Incentive Stock Option Awards shall be subject to any further limitations established under the Code;

8. Shares delivered (either by actual delivery, attestation, or net exercise) to the Company by a Participant to purchase Shares upon the exercise of an Award shall not be added back to the number of Shares available for the future grant of Awards; and

9. Shares repurchased by the Company on the open market shall not increase the number of Shares available for future grant of Awards.

b. Sublimits . Subject to adjustment under Section 10, the following sublimits on the number of Shares shall apply:

i. Per-Participant Limit .

1. Calendar Year Limit . The maximum number of Shares that may be granted to any Participant in any calendar year pursuant to Awards under the Plan shall be 3,000,000 Shares.

2. New Hires & Promotions . Awards to a Participant may, at the discretion of the Committee, exceed the limit set out in A. above: for the first calendar year of his or her employment at the Company or for the calendar year of a Participant’s promotion to a more senior position within the Company.

3. Non-Employee Director Limit . Awards granted to any non-employee director for a board service year for his or her service as a member of the Board, taken together with any cash fees paid for that board service year, may not exceed $750,000 in total value (calculated as of the Award’s grant date). This limit shall not apply to any outstanding Award that was granted in recognition for service provided in a prior board service year. The Board may make exceptions to this limit in extraordinary circumstances, as the Board may determine in its discretion, provided that the non-employee director receiving such additional compensation may not participate in the decision to award such compensation.

c. Dividends and Dividend Equivalents . Dividends shall not count against the limits set forth in Section 5(a). Dividend Equivalents shall count against the limits set forth in Section 5(a).

d. Shares Subject to the Plan . Shares to be issued under the Plan may be made available from the authorized but unissued shares, or shares held by the Company in treasury or from shares purchased in the open market.

6. Stock Options

a. General . The Committee may grant options to purchase Shares (each, an “ Option ”) and determine the number of Shares to be covered by each Option, the exercise price of each Option, and impose any