Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 775

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 9B
Chunk 775
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 as of December 31, 2024 and 2023, respectively. The dividend equivalent shares are subject to the same vesting terms as the restricted stock units and performance shares.The weighted average grant-date fair value per share of restricted stock units granted during the years ended December 31, 2024, 2023, and 2022 was $96.34, $77.72 and $69.32, respectively. The weighted average grant-date fair value per share of performance shares granted during the years ended December 31, 2024, 2023, and 2022 was $103.08, $85.69 and $71.54, respectively.The total fair value of shares vested during the years ended December 31, 2024, 2023 and 2022 was $186, $154 and $134, respectively, based on actual or estimated performance factors. The Company did not make cash payments in settlement of stock compensation during the years ended December 31, 2024, 2023 and 2022.Subsidiary Stock PlanThe Hartford has a subsidiary stock-based compensation plan similar to the Stock Incentive Plan, except that it awards non-public subsidiary stock as compensation. The Company recognized stock-based compensation plan expense of $12, $12 and $13 in the years ended December 31, 2024, 2023 and 2022, respectively, for the subsidiary stock plan. Upon employee vesting of subsidiary stock, the Company recognizes a noncontrolling equity interest. Employees are restricted from selling vested subsidiary stock to anyone other than the Company and the Company has discretion on the amount of stock to repurchase. Therefore, the subsidiary stock is classified 

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|Index to Consolidated Financial Statements and SchedulesTable of ContentsNote 19 - Stock Compensation PlansTHE HARTFORD INSURANCE GROUP, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

as equity because it is not mandatorily redeemable. For the years ended December 31, 2024, 2023 and 2022, the Company repurchased $10, $11 and $10, respectively, in subsidiary stock.Employee Stock Purchase PlanThe Company sponsors The Hartford Employee Stock Purchase Plan ("ESPP"). Under this plan, eligible employees of The Hartford purchase common stock of the Company at a discount rate of 5% of the market price per share on the last trading day of the offering period. Accordingly, the plan is a non-compensatory