Hanover Insurance (NYSE: THG) EVP receives RSUs from dividend equivalents

Rhea-AI Filing Summary

Hanover Insurance Group Executive Vice President Denise Lowsley received an additional equity grant through dividend equivalents on existing awards. She acquired 12.273 shares of common stock in the form of restricted stock units under the 2022 Long-Term Incentive Plan, bringing her direct holdings to 4,944.513 shares.

The new RSUs were granted in connection with accrued dividend equivalent rights tied to previously granted RSUs and will vest on the third anniversary of the original RSU grant date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lowsley Denise

Role Executive Vice President

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	12.273	$0.00	--

Holdings After Transaction: Common Stock — 4,944.513 shares (Direct)

Footnotes (1)

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Key Figures

RSUs granted: 12.273 shares Shares owned after transaction: 4,944.513 shares

2 metrics

RSUs granted 12.273 shares Restricted stock units credited via dividend equivalents

Shares owned after transaction 4,944.513 shares Direct common stock holdings after RSU grant

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")"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lowsley Denise

(Last) (First) (Middle)

C/O THE HANOVER INSURANCE GROUP, INC.

440 LINCOLN STREET

(Street)

WORCESTER MASSACHUSETTS 01653

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
HANOVER INSURANCE GROUP, INC. [ THG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/27/2026		A(1)		12.273	A	$0	4,944.513	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

	/s/ Lindsay L. Katz pursuant to Confirming Statement	03/31/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did THG Executive Vice President Denise Lowsley report in this Form 4?

Denise Lowsley reported acquiring 12.273 shares of Hanover Insurance Group common stock as restricted stock units. These units were granted under the 2022 Long-Term Incentive Plan through dividend equivalents on previously granted RSUs and increase her direct ownership to 4,944.513 shares.

How were the new THG restricted stock units granted to Denise Lowsley?

The new restricted stock units were granted via dividend equivalent rights on previously awarded RSUs under Hanover Insurance Group’s 2022 Long-Term Incentive Plan. As dividends accrued, additional RSUs were credited instead of cash, resulting in this 12.273-share grant to the executive.

When will Denise Lowsley’s new THG RSUs vest?

The additional restricted stock units will vest on the third anniversary of the original RSU grant date. This means the vesting schedule follows the timing of the underlying RSUs, aligning the dividend-equivalent grant with the original long-term incentive award.

How many THG shares does Denise Lowsley hold after this transaction?

Following this grant, Denise Lowsley directly holds 4,944.513 shares of Hanover Insurance Group common stock. This total includes the 12.273 restricted stock units credited from dividend equivalent rights associated with her previously granted RSU awards.

Is the THG Form 4 transaction a market purchase or sale?

The Form 4 transaction is not a market purchase or sale. It reflects a grant of 12.273 restricted stock units at zero price, awarded as dividend equivalents under the 2022 Long-Term Incentive Plan rather than open-market trading activity.