Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1566

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 1566
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.0%68.0%Risk-free spot rate4.4%4.4%1.8%Term3.0 years3.0 years3.0 yearsTotal Share AwardsNon-vested Share Award Activity Under the Stock Incentive PlanRestricted Stock UnitsPerformance SharesNumber of Shares(in thousands)Weighted-AverageGrant-DateFair ValueNumber of Shares(in thousands)Weighted-AverageGrant dateFair ValueNon-vested sharesFor the year ended December 31, 2024Non-vested at beginning of year3,259 $65.44 583 $77.97 Granted837 $96.34 338 $103.08 Performance based adjustment, net252 $71.00 Vested(1,281)$53.09 (567)$71.30 Forfeited(137)$77.97 (12)$88.19 Non-vested at end of year2,678 $80.36 594 $95.49 In addition to the non-vested shares presented in the above table, there are related non-vested dividend equivalent shares. The number of non-vested dividend equivalent shares related to restricted stock units was 107 thousand and 155 thousand as of December 31, 2024 and 2023, respectively, and the number of non-vested dividend equivalent shares related to performance shares was 14 thousand and 18 thousand 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