HARTFORD FINANCIAL SERVICES GROUP INC
For the period ended Mar 31, 2024. Filed Apr 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 25, 2024
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UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Item 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
PURCHASES OF EQUITY SECURITIES BY THE ISSUER
Repurchases of common stock by the Company during the quarter ended March 31, 2024 are set forth below. During the period from April 1, 2024 to April 24, 2024, the Company repurchased 1.1 million shares for $113.
| Repurchases of Common Stock by the Issuer for the Three Months Ended March 31, 2024 | ||||
|---|---|---|---|---|
| Period | Total Numberof SharesPurchased [1] | Average PricePaid PerShare | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Valueof Shares that May Yet BePurchased Underthe Plans or Programs [2] |
| (in millions) | ||||
| January 1, 2024 - January 31, 2024 | 1,508,128 | $84.58 | 1,501,029 | $1,222 |
| February 1, 2024 - February 29, 2024 | 1,916,318 | $94.17 | 1,119,428 | $1,119 |
| March 1, 2024 - March 31, 2024 | 1,244,304 | $99.64 | 1,226,596 | $998 |
| Total | 4,668,750 | $92.53 | 3,847,053 | |
[1]Includes 821,697 shares in net settlement of employee tax withholding obligations related to equity awards under the Company's incentive stock plans, which were not part of publicly announced share repurchase authorizations. The Company paid an average price per share of $95.58 in employee tax withholding obligations related to net share settlements in the three months ended March 31, 2024.
[2]In July, 2022, the Board of Directors approved a share repurchase authorization for up to $3.0 billion effective from August 1, 2022 to December 31, 2024. The timing of any repurchases is dependent on several factors, including the market price of the Company's securities, the Company's capital position, consideration of the effect of any repurchases on the Company's financial strength or credit ratings, the Company's blackout periods, and other considerations.
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