Company: HIG-PG
Filing Date: 2025-01-06
Form Type: 8-K
Source: 0000874766-25-000002
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Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-01-06
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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(d) On January 6, 2025, the Company's Board elected Annette Rippert as director of the Board effective on February 18, 2025. Ms. Rippert was appointed to serve on the Board’s Finance, Investment and Risk Management Committee effective February 18, 2025.

The Board has determined that Ms. Rippert does not have a direct or indirect interest in any transaction with the Company that would qualify as a related party transaction under Item 404(a) of Regulation S-K, and that she meets the applicable independence requirements of the New York Stock Exchange and the Company's Corporate Governance Guidelines.

As compensation for the remainder of the 2024-2025 Board service year, Ms. Rippert will receive a pro rata portion of the Company’s annual cash retainer for non-management directors of $115,000 in the amount of $29,300 and a pro rata portion of the Company’s equity compensation annual retainer of $190,000 in the form of restricted stock units valued at $48,300. The restricted stock units will be granted on the second trading day following the filing of the Company’s Form 10-K for the year ended December 31, 2024, based on the Company’s closing stock price on the grant date.

In addition, Ms. Rippert will participate in other non-management director compensation arrangements described in the Company’s 2024 proxy statement, including receiving $100,000 of group life insurance coverage and $750,000 of accidental death and dismemberment and permanent total disability coverage, as well as reimbursement for all travel expenses incurred in connection with her Board service.

Item 7.01 Regulation FD Disclosure.