Company: HIG-PG
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0000874766-25-000040
Chunk: 96

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 96
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 Revenue Code would be made at the time otherwise payable without regard to the occurrence of the Change of Control.

• If the Change of Control occurred during the course of a performance period applicable to a Performance-Based Award, then participants would be deemed to have satisfied the performance goals at the applicable target level, or, if greater, the percentage of performance measures (as determined the Compensation Committee) achieved as of the date of the Change in Control (or such date as otherwise specified by the Compensation Committee). The portion of any Performance-Based Award that fails to vest in accordance with the deemed performance would be immediately forfeited and canceled. The Compensation Committee could, in its discretion, provide that Performance-Based Awards be exchanged for cash equal to the number of shares awarded based on deemed performance multiplied by the Fair Market Value of a share of Common Stock. Distributions of amounts payable to participants with respect to Performance-Based Awards would be made immediately following the occurrence of the Change of Control, provided that the awards did not constitute nonqualified deferred compensation under Section 409A of the Internal Revenue Code.

Authorization of Sub-Plans; Non-U.S. Employees. The Compensation Committee, or its delegate(s), may establish sub-plans under the 2025 LTI Stock Plan for purposes of satisfying applicable securities, tax or other laws of various jurisdictions. Awards may be granted to participants who are non-U.S. citizens or residents employed or on assignment outside the United States, or both, on such terms and conditions different from those applicable to awards to participants employed in the United States as may be appropriate in order to recognize differences in local law or tax policy.

Amendment and Termination of the 2025 LTI Stock Plan. The Compensation Committee may amend or discontinue the 2025 LTI Stock Plan at any time and, specifically may make such modifications to the 2025 LTI Stock Plan as it deems necessary to avoid the application of Section 409A of the Internal Revenue Code and the United States Treasury regulations thereunder. However, no amendment shall, without shareholder approval, (i) materially increase the number of shares reserved for awards (except as provided in the 2025 LTI Stock Plan with respect to stock splits or other similar changes), (ii) expand the types of awards that may be granted, (iii) materially expand the group of participants eligible for awards, or (iv) with respect to the grant of all options and SARs, allow the Compensation Committee to reprice options or SARs.

The Compensation Committee has not specified the participants who may receive