Hanover Insurance director receives small RSU grant
Hanover Insurance Group director Cynthia Egan reported a small equity award linked to prior grants.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Hanover Insurance Group director Cynthia Egan reported a small equity award linked to prior grants. She acquired 3.767 shares of common stock through dividend-equivalent restricted stock units under the company’s 2022 Long-Term Incentive Plan. After this award, she directly holds 10,205.767 common shares, with additional shares held indirectly in a Rabbi Trust.
Insider Trade Summary
Grant/Award: 3.767 shares
Grant/Award
1 txn
Insider
Egan Cynthia
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3.767 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 10,205.767 shares (Direct)
Holdings Before and After:
Common Stock, 10,202 to 10,205.767 shares (Direct)
Footnotes (2)
- 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 units vest on the earlier of the one-year anniversary of the date of grant of the original underlying RSUs or the date of the next annual meeting. The Reporting Person has elected to defer such grant upon vesting pursuant to a deferral agreement.
- F2. Does not include 977 shares held indirectly in a Rabbi Trust pursuant to deferral agreements.
Key Figures
RSU dividend-equivalent grant: 3.767 shares
Direct holdings after transaction: 10,205.767 shares
Indirect Rabbi Trust holdings: 977 shares
+1 more
4 metrics
RSU dividend-equivalent grant
3.767 shares
Restricted stock units credited on dividend equivalents under 2022 LTIP
Direct holdings after transaction
10,205.767 shares
Common stock directly held by Cynthia Egan after award
Indirect Rabbi Trust holdings
977 shares
Held indirectly in a Rabbi Trust under deferral agreements
Transaction price per share
$0.0000
Indicates compensation grant, not open-market purchase
Key Terms
restricted stock units ("RSUs"), dividend equivalent rights, 2022 Long-Term Incentive Plan ("2022 LTIP"), Rabbi Trust, +1 more
5 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")"
Rabbi Trust financial
"Does not include 977 shares held indirectly in a Rabbi Trust pursuant to deferral agreements."
A rabbi trust is a special account a company sets up to hold promised future pay for executives, like bonus or retirement money, so those employees can see there are funds earmarked for them. It matters to investors because it signals the company’s commitment to keep key people, but the money is still part of the company’s assets and can be claimed by creditors if the company goes bankrupt—think of it as a labeled jar that isn’t completely off-limits.
deferral agreement financial
"The Reporting Person has elected to defer such grant upon vesting pursuant to a deferral agreement."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Hanover Insurance (THG) director Cynthia Egan report on this Form 4?
Director Cynthia Egan reported receiving 3.767 shares of Hanover Insurance common stock via a restricted stock unit dividend-equivalent award. This was compensation under the 2022 Long-Term Incentive Plan and not an open-market purchase or sale of shares.
What is the source of the RSU dividend-equivalent grant reported by Cynthia Egan at Hanover Insurance (THG)?
The award reflects dividend equivalent rights on RSUs previously granted under Hanover Insurance’s 2022 Long-Term Incentive Plan. When dividends accrue on those earlier RSUs, additional RSUs are credited, resulting in this 3.767-share grant reported on the Form 4.
Was Cynthia Egan’s THG Form 4 transaction an open-market buy or sell of Hanover Insurance shares?
No, the filing shows a compensation-related acquisition coded as a grant or award. The 3.767 shares were received at no purchase price through restricted stock units, rather than through an open-market buy or sell transaction in Hanover Insurance shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
