Hanover EVP awarded 18.998 RSUs under 2022 plan
HANOVER INSURANCE GROUP, INC.
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Form Type
4
Rhea-AI Filing Summary
HANOVER INSURANCE GROUP, INC. Executive Vice President Dennis Francis Kerrigan reported an acquisition of 18.998 shares in the form of restricted stock units (RSUs) credited as dividend equivalent rights under the company’s 2022 Long-Term Incentive Plan. These RSUs will vest on the third anniversary of the original underlying RSU grant date. Following this award, Kerrigan holds a total of 11,987.721 shares of common stock directly.
Insider Trade Summary
Grant/Award: 18.998 shares
Grant/Award
1 txn
Insider
Kerrigan Dennis Francis
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 18.998 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 11,987.721 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: 18.998 RSUs
Shares held after transaction: 11,987.721 shares
Vesting period: Third anniversary
3 metrics
RSUs granted
18.998 RSUs
Dividend equivalent rights under 2022 Long-Term Incentive Plan
Shares held after transaction
11,987.721 shares
Common stock directly owned after RSU award
Vesting period
Third anniversary
RSUs vest on third anniversary of original RSU grant date
Key Terms
restricted stock units, dividend equivalent rights, 2022 Long-Term Incentive Plan, vest
4 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
"RSUs 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did THG executive Dennis Francis Kerrigan report?
Dennis Francis Kerrigan reported an acquisition of 18.998 shares in the form of restricted stock units. These RSUs were granted as dividend equivalent rights under Hanover Insurance Group’s 2022 Long-Term Incentive Plan and increase his direct common stock holdings.
How many RSUs did THG’s Dennis Francis Kerrigan receive in this Form 4 filing?
He received 18.998 restricted stock units. The award reflects dividend equivalent rights associated with previously granted RSUs under the 2022 Long-Term Incentive Plan, adding to his existing equity position in Hanover Insurance Group common stock.
Under which plan were the new RSUs for THG’s Kerrigan granted?
The RSUs were granted under Hanover Insurance Group’s 2022 Long-Term Incentive Plan. They arise from dividend equivalent rights linked to earlier RSU grants, reinforcing the plan’s role in long-term executive compensation and share-based incentives.
When will Dennis Francis Kerrigan’s newly credited THG RSUs vest?
The newly credited RSUs will vest on the third anniversary of the original underlying RSU grant date. This means the vesting schedule matches that of the earlier RSUs to which these dividend equivalent rights are tied.
What is Dennis Francis Kerrigan’s THG common stock holding after this RSU award?
After the award, Dennis Francis Kerrigan directly holds 11,987.721 shares of Hanover Insurance Group common stock. This figure reflects his position immediately following the 18.998-share RSU dividend equivalent grant reported in the Form 4.
Does the THG Form 4 indicate an open-market buy or sell by Dennis Francis Kerrigan?
The Form 4 reflects a grant or award acquisition, not an open-market trade. The 18.998 units come from dividend equivalent rights tied to previously granted RSUs under the 2022 Long-Term Incentive Plan, rather than a market purchase or sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
