Hanover Insurance (THG) director receives 843 restricted stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RAMRATH JOSEPH R reported acquisition or exercise transactions in this Form 4 filing.
HANOVER INSURANCE GROUP, INC. director Joseph R. Ramrath received a grant of 843 shares of Common Stock in the form of restricted stock units under the company’s 2022 Long-Term Incentive Plan. These units vest on the earlier of one year from grant or the next annual meeting. Following this award, he directly holds 33,830 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RAMRATH JOSEPH R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 843 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 33,830 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 843 shares
Grant price: $0.00 per share
Shares after grant: 33,830 shares
3 metrics
RSUs granted
843 shares
Restricted stock units granted on 2026-05-12
Grant price
$0.00 per share
Equity award, no cash paid
Shares after grant
33,830 shares
Total direct holdings following transaction
Key Terms
restricted stock units, 2022 Long-Term Incentive Plan, vest, Common Stock
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."
vest 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 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.
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did THG director Joseph R. Ramrath report on this Form 4?
He reported receiving 843 restricted stock units of THG common stock. The award was granted at no cash cost under Hanover Insurance Group’s 2022 Long-Term Incentive Plan and increases his direct ownership position in the company.
What type of award did THG grant to Joseph R. Ramrath?
THG granted restricted stock units representing 843 shares of common stock. These units were issued under the company’s 2022 Long-Term Incentive Plan as a compensation-related equity award rather than an open-market share purchase.
When do Joseph R. Ramrath’s newly granted THG restricted stock units vest?
The restricted stock units vest on the earlier of two dates. They vest either on the one-year anniversary of the grant date or on the date of the next annual meeting, whichever occurs first, according to the Form 4 footnote.