Director at Hanover (NYSE: THG) receives 843 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Condrin J Paul reported acquisition or exercise transactions in this Form 4 filing.
HANOVER INSURANCE GROUP, INC. director J Paul Condrin reported an equity award rather than a market trade. On 2026-05-12, he received 843 shares of common stock in the form of restricted stock units granted at no cash cost to him.
The award was made under the company’s 2022 Long-Term Incentive Plan and will vest on the earlier of the one-year anniversary of the grant date or the next annual meeting. Following this grant, Condrin directly holds 6,352 shares of Hanover common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Condrin J Paul
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 843 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 6,352 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 843 shares
Shares held after grant: 6,352 shares
Vesting schedule: Earlier of one year or next annual meeting
3 metrics
RSUs granted
843 shares
Restricted stock units granted on 2026-05-12
Shares held after grant
6,352 shares
Direct common stock holdings following reported transaction
Vesting schedule
Earlier of one year or next annual meeting
Vesting terms for 843 restricted stock units
Key Terms
restricted stock units, 2022 Long-Term Incentive Plan, vest
3 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.
FAQ
What did THG director J Paul Condrin report in this Form 4?
He reported receiving 843 shares of Hanover common stock as restricted stock units. The award was a compensation grant under the 2022 Long-Term Incentive Plan, not an open-market stock purchase or sale.
Was the THG Form 4 transaction a stock purchase or sale?
No, the Form 4 shows a grant of restricted stock units coded as an acquisition (A), not an open-market purchase or sale. It reflects equity compensation rather than a trading decision.
When do the 843 THG restricted stock units granted to Condrin vest?
The 843 restricted stock units vest on the earlier of the one-year anniversary of the grant date or the date of Hanover’s next annual meeting. This schedule is disclosed in the Form 4 footnote.
Under which plan were the THG restricted stock units granted to Condrin?
The restricted stock units were granted under Hanover’s 2022 Long-Term Incentive Plan. This plan is used to provide equity-based compensation to eligible participants, including directors.