Tax withholding move: THG EVP forfeits 1,215 shares (NYSE: THG)
Rhea-AI Filing Summary
Hanover Insurance Group executive vice president Lee Willard T reported a tax-related share disposition. On February 27, 2026, 1,215 shares of common stock were forfeited at $180.63 per share to cover withholding taxes upon vesting of previously granted restricted stock units. After this tax-withholding disposition, he directly owns 6,968.851 common shares.
Positive
- None.
Negative
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Insider Trade Summary
Net Seller: 1,215 shares
Net Sell
1 txn
Insider
Lee Willard T
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,215 | $180.63 | $219K |
Holdings After Transaction:
Common Stock — 6,968.851 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 Lee Willard T report?
Executive vice president Lee Willard T reported a tax-withholding disposition of 1,215 shares of Hanover Insurance common stock. The shares were forfeited to pay withholding taxes when previously granted restricted stock units vested on February 27, 2026, as described in the Form 4 footnote.
Was the THG insider Form 4 a typical sale or a tax-withholding event?
The Form 4 reflects a tax-withholding event, not an open-market sale. Shares were forfeited to pay withholding taxes triggered by vesting of restricted stock units, coded as transaction type “F” for payment of exercise price or tax liability by delivering securities.
What does transaction code F mean in the THG Form 4 filing?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 1,215 shares were forfeited to cover withholding taxes upon vesting of previously granted restricted stock units, rather than being sold in an open-market transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.