Hanover Insurance (NYSE: THG) EVP receives RSU grant from dividend equivalents
Rhea-AI Filing Summary
Hanover Insurance Group Executive Vice President David John Lovely received a small equity award. On June 26, he acquired 10.612 shares of common stock in the form of restricted stock units under the 2022 Long-Term Incentive Plan, reflecting dividend equivalents on prior RSUs. These RSUs will vest on the third anniversary of the original RSU grant date, bringing his direct holdings to 3,818.533 shares.
Positive
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Insider Trade Summary
Net Buyer: 10.612 shares
Net Buy
1 txn
Insider
LOVELY DAVID JOHN
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10.612 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 3,818.533 shares (Direct)
Footnotes (1)
- F1. Grant of restricted stock units ("RSUs") under the Issuer's 2022 Long-Term Incentive Plan ("2022 LTIP") in connection with the accrual of dividend equivalent rights associated with RSUs previously granted under the Issuer's 2022 LTIP. Such RSUs vest on the third anniversary of the date of grant of the original underlying RSUs.
Key Figures
RSUs granted: 10.612 shares
Grant price: $0.00 per share
Holdings after transaction: 3,818.533 shares
3 metrics
RSUs granted
10.612 shares
Restricted stock units from dividend equivalent rights
Grant price
$0.00 per share
Compensation-related RSU award, non-cash
Holdings after transaction
3,818.533 shares
Direct ownership following RSU grant
Key Terms
restricted stock units ("RSUs"), dividend equivalent rights, 2022 Long-Term Incentive Plan ("2022 LTIP"), vest
4 terms
restricted stock units ("RSUs") financial
"Grant of restricted stock units ("RSUs") under the Issuer's 2022 Long-Term Incentive Plan"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
dividend equivalent rights financial
"in connection with the accrual of dividend equivalent rights associated with RSUs previously granted"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
2022 Long-Term Incentive Plan ("2022 LTIP") financial
"under the Issuer's 2022 Long-Term Incentive Plan ("2022 LTIP")"
vest financial
"Such RSUs vest on the third anniversary of the date of grant"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did THG executive David John Lovely report?
David John Lovely reported acquiring 10.612 shares of Hanover Insurance Group common stock as restricted stock units. The grant reflects dividend equivalent rights tied to previously granted RSUs under the 2022 Long-Term Incentive Plan, and was reported at an effective price of $0.00 per share.
What is the nature of the THG RSU grant reported by David John Lovely?
The RSU grant represents 10.612 restricted stock units issued for dividend equivalent rights on earlier RSU awards. It is a compensation-related, non-cash acquisition under Hanover Insurance Group’s 2022 Long-Term Incentive Plan, rather than an open-market purchase of common stock.
When will David John Lovely’s new THG RSUs vest?
The newly granted 10.612 restricted stock units will vest on the third anniversary of the original underlying RSU grant date. This means the vesting schedule follows the timing of the earlier RSU award that generated these dividend-equivalent units for David John Lovely.