Hanover Insurance (THG) director receives dividend-equivalent RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hanover Insurance Group director Kevin Bradicich received a small equity award. He was granted 3.767 shares of common stock in the form of restricted stock units connected to dividend equivalent rights under the company’s 2022 Long-Term Incentive Plan.
These units vest on the earlier of the one-year anniversary of the original RSU grant date or the date of the next annual meeting. After this award, Bradicich directly holds a total of 10,095.767 common shares. This is a routine, compensation-related acquisition rather than an open-market purchase.
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 | 3.767 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 10,095.767 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant: 3.767 shares
Holdings after transaction: 10,095.767 shares
Transaction code: Code A (acquisition grant)
+2 more
5 metrics
RSU grant
3.767 shares
Dividend equivalent RSUs granted on 2026-06-26
Holdings after transaction
10,095.767 shares
Direct common stock ownership following grant
Transaction code
Code A (acquisition grant)
Non-derivative common stock entry
Price per share
$0.0000
Grant price for the RSU award
Vesting condition
Earlier of one-year from original grant or next annual meeting
RSU vesting schedule from footnote
Key Terms
restricted stock units ("RSUs"), 2022 Long-Term Incentive Plan ("2022 LTIP"), dividend equivalent rights
3 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.
2022 Long-Term Incentive Plan ("2022 LTIP") financial
"RSUs under the Issuer's 2022 Long-Term Incentive Plan ("2022 LTIP")"
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.
FAQ
What did THG director Kevin Bradicich report in this Form 4 filing?
Director Kevin Bradicich reported receiving 3.767 restricted stock units tied to dividend equivalent rights under Hanover Insurance Group’s 2022 Long-Term Incentive Plan, increasing his direct common stock holdings to 10,095.767 shares as a routine equity compensation adjustment.
What type of award did THG grant to Kevin Bradicich?
He received restricted stock units under Hanover Insurance Group’s 2022 Long-Term Incentive Plan. The 3.767 units were granted as dividend equivalent rights associated with RSUs previously awarded to him under the same plan.
When do the new THG restricted stock units vest for Kevin Bradicich?
The new restricted stock units vest on the earlier of two dates: the one-year anniversary of the original underlying RSU grant date or the date of Hanover Insurance Group’s next annual meeting, aligning vesting with existing RSU award terms.
Was Kevin Bradicich’s THG transaction an open-market stock purchase or sale?
No. The Form 4 shows a grant coded as an acquisition (code A), representing restricted stock units awarded as dividend equivalents. It is a compensation-related issuance, not an open-market purchase or sale of Hanover Insurance Group shares.