Hanover Insurance (THG) EVP forfeits 5,507 shares for tax withholding
Rhea-AI Filing Summary
Hanover Insurance Group executive Jeffrey M. Farber reported a tax-related share disposition. On February 27, 2026, 5,507 shares of common stock were forfeited at $180.63 per share to cover withholding taxes triggered by the vesting of previously granted restricted stock units.
After this tax-withholding disposition, Farber directly holds 51,716.485 shares of Hanover Insurance Group common stock. The forfeited shares were not an open-market sale but an automatic share surrender under the terms of the equity award agreement.
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Insider Trade Summary
Net Seller: 5,507 shares
Net Sell
1 txn
Insider
FARBER JEFFREY M
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 5,507 | $180.63 | $995K |
Holdings After Transaction:
Common Stock — 51,716.485 shares (Direct)
Footnotes (1)
- F1. Represents shares that were forfeited to pay withholding taxes upon the vesting of restricted stock units that were previously granted by the Issuer and vested on February 27, 2026. In connection with vesting, any fractional shares were rounded up to the next whole share in accordance with the terms of the award agreement.
FAQ
What insider transaction did THG executive Jeffrey M. Farber report?
Jeffrey M. Farber reported a tax-withholding share disposition. He forfeited 5,507 Hanover Insurance Group common shares at $180.63 each to cover withholding taxes tied to vesting restricted stock units granted earlier by the company.
Was Jeffrey M. Farber’s THG Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The 5,507 THG shares were automatically forfeited to pay withholding taxes when previously granted restricted stock units vested on February 27, 2026, under the award agreement’s terms.
What role does Jeffrey M. Farber hold at Hanover Insurance Group (THG)?
Jeffrey M. Farber serves as an Executive Vice President at Hanover Insurance Group. His Form 4 filing relates to company equity compensation, specifically restricted stock units that vested and triggered tax-withholding through forfeiture of common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.