Director at Hanover Insurance (NYSE: THG) awarded 843 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Aristeguieta Francisco reported acquisition or exercise transactions in this Form 4 filing.
HANOVER INSURANCE GROUP director Francisco Aristeguieta received a grant of 843 shares of Common Stock as a compensation award. The grant is in the form of restricted stock units under the 2022 Long-Term Incentive Plan and will vest on the earlier of one year from grant or the next annual meeting, bringing his direct holdings to 5,053 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Aristeguieta Francisco
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 843 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 5,053 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares granted: 843 shares
Price per share: $0.00 per share
Total shares after grant: 5,053 shares
3 metrics
Shares granted
843 shares
Restricted stock unit grant on May 12, 2026
Price per share
$0.00 per share
Compensation grant, not open-market purchase
Total shares after grant
5,053 shares
Direct holdings following the reported transaction
Key Terms
restricted stock units, 2022 Long-Term Incentive Plan, vest
3 terms
restricted stock units financial
"Grant of restricted stock units under the Issuer's 2022 Long-Term Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2022 Long-Term Incentive Plan financial
"Grant of restricted stock units under the Issuer's 2022 Long-Term Incentive Plan."
vest financial
"Such units vest on the earlier of the one-year anniversary of the date of grant or the date of the next annual meeting."
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.
FAQ
What insider transaction did THG director Francisco Aristeguieta report?
Francisco Aristeguieta reported acquiring 843 shares of Hanover Insurance common stock as a grant. The award was made in restricted stock units under the 2022 Long-Term Incentive Plan at no cash cost.
Is the THG Form 4 transaction a market buy or a compensation grant?
The THG Form 4 shows a compensation grant, not a market purchase. The 843 shares were awarded as restricted stock units with a zero dollar price per share rather than bought in the open market.
When do the newly granted THG restricted stock units vest?
The restricted stock units vest on the earlier of two dates: the one-year anniversary of the grant date or the date of Hanover Insurance Group’s next annual shareholder meeting, according to the Form 4 footnote disclosure.
What plan governs the THG stock grant to Francisco Aristeguieta?
The stock grant was made under Hanover Insurance Group’s 2022 Long-Term Incentive Plan. This plan provides equity-based awards such as restricted stock units to directors and executives as part of their overall compensation.