Hanover Insurance Group (NYSE: THG) EVP receives 42.662 RSUs from dividend equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FARBER JEFFREY M reported acquisition or exercise transactions in this Form 4 filing.
Hanover Insurance Group Executive Vice President Jeffrey M. Farber received a grant of 42.662 shares of common stock in the form of restricted stock units under the company’s 2022 Long-Term Incentive Plan. These RSUs were awarded as dividend-equivalent accruals on previously granted RSUs and vest on the third anniversary of the original RSU grant. Following this award, Farber directly holds 51,812.399 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
FARBER JEFFREY M
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 42.662 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 51,812.399 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 42.662 shares
Grant price: $0.0000 per share
Shares owned after: 51,812.399 shares
3 metrics
RSUs granted
42.662 shares
Restricted stock units from dividend equivalents on prior RSUs
Grant price
$0.0000 per share
Reported transaction price per share for RSU grant
Shares owned after
51,812.399 shares
Total common stock directly held after the transaction
Key Terms
restricted stock units, dividend equivalent rights, 2022 Long-Term Incentive Plan
3 terms
restricted stock units financial
"Grant of restricted stock units ("RSUs") 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.
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 financial
"under the Issuer's 2022 Long-Term Incentive Plan ("2022 LTIP")"
FAQ
What insider transaction did THG executive Jeffrey M. Farber report?
Jeffrey M. Farber reported acquiring 42.662 shares of Hanover Insurance Group common stock through a grant of restricted stock units. These units stem from dividend-equivalent accruals on earlier RSU awards under the 2022 Long-Term Incentive Plan.
When do the newly granted THG restricted stock units vest?
The restricted stock units granted to Jeffrey M. Farber vest on the third anniversary of the grant date of the original underlying RSUs. This ties the new dividend-equivalent RSUs to the same vesting schedule as the initial awards.