Hanover Insurance (THG) director gets 843-share RSU grant under 2022 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bradicich Kevin reported acquisition or exercise transactions in this Form 4 filing.
HANOVER INSURANCE GROUP director Kevin Bradicich received an equity award. He was granted 843 shares of common stock in the form of restricted stock units at a stated price of $0.00 per share under the company’s 2022 Long-Term Incentive Plan.
The units vest on the earlier of one year from the grant date or the next annual meeting. Following this grant, Bradicich holds 10,092 common shares directly, making this a relatively small, routine compensation-related award rather than a market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bradicich Kevin
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 843 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 10,092 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 843 shares
Grant price per share: $0.00 per share
Total holdings after grant: 10,092 shares
+1 more
4 metrics
RSU grant size
843 shares
Restricted stock units granted to director on grant date
Grant price per share
$0.00 per share
Stated transaction price for the RSU award
Total holdings after grant
10,092 shares
Director’s direct common stock holdings following the transaction
Vesting trigger
Earlier of 1 year or next annual meeting
Vesting condition for restricted stock units under 2022 plan
Key Terms
restricted stock units, 2022 Long-Term Incentive Plan, annual meeting, Grant, award, or other acquisition
4 terms
restricted stock units financial
"Grant of restricted stock units 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.
2022 Long-Term Incentive Plan financial
"Grant of restricted stock units under the Issuer's 2022 Long-Term Incentive Plan."
annual meeting financial
"Such units vest on the earlier of the one-year anniversary of the date of grant or the date of the next annual meeting."
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did THG director Kevin Bradicich report in this Form 4 filing?
Kevin Bradicich reported receiving a grant of 843 shares of Hanover Insurance Group common stock as restricted stock units. The award was made under the company’s 2022 Long-Term Incentive Plan and represents routine, compensation-related equity rather than an open-market transaction.
When do Kevin Bradicich’s newly granted THG restricted stock units vest?
The restricted stock units vest on the earlier of the one-year anniversary of the grant date or the date of Hanover Insurance Group’s next annual meeting. This schedule ties vesting to both time in service and the company’s regular shareholder meeting cycle.
Is Kevin Bradicich’s THG equity award an open-market buy or sell?
No, the filing classifies the transaction with code “A” as a grant, award, or other acquisition. It is a restricted stock unit grant under the 2022 Long-Term Incentive Plan, not an open-market purchase or sale, and therefore does not involve typical trading activity.