Hanover Insurance (NYSE: THG) director adds RSUs from dividend equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HANOVER INSURANCE GROUP, INC. director Jane D. Carlin reported an acquisition of common stock tied to her equity compensation. She received 3.767 restricted stock units (RSUs) on June 26, 2026 at a stated price of $0.00 per share, increasing her directly held common stock to 3,269.767 shares.
The RSUs were granted under the company’s 2022 Long-Term Incentive Plan as dividend equivalent rights on previously granted RSUs. These units vest on the earlier of the one-year anniversary of the original RSU grant date or the next annual meeting. Footnotes also note 2,306 additional shares held indirectly in a Rabbi Trust pursuant to deferral agreements.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Carlin Jane D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3.767 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 3,269.767 shares (Direct, null)
Footnotes (1)
- Grant of restricted stock units ("RSUs") under the Issuer's 2022 Long-Term Incentive Plan ("2022 LTIP") in connection with the accrual of dividend equivalent rights associated with RSUs previously granted under the Issuer's 2022 LTIP. Such units vest on the earlier of the one-year anniversary of the date of grant of the original underlying RSUs or the date of the next annual meeting. Does not include 2,306 shares held indirectly in a Rabbi Trust pursuant to deferral agreements.
Key Figures
RSUs granted: 3.767 units
Grant price: $0.00 per share
Direct holdings after grant: 3,269.767 shares
+1 more
4 metrics
RSUs granted
3.767 units
Dividend equivalent RSUs granted on June 26, 2026
Grant price
$0.00 per share
Stated price for RSU grant
Direct holdings after grant
3,269.767 shares
Common stock directly held following transaction
Indirect Rabbi Trust shares
2,306 shares
Held indirectly under deferral agreements
Key Terms
restricted stock units ("RSUs"), 2022 Long-Term Incentive Plan, dividend equivalent rights, Rabbi Trust, +1 more
5 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 financial
"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.
Rabbi Trust financial
"Does not include 2,306 shares held indirectly in a Rabbi Trust pursuant to deferral agreements."
A rabbi trust is a special account a company sets up to hold promised future pay for executives, like bonus or retirement money, so those employees can see there are funds earmarked for them. It matters to investors because it signals the company’s commitment to keep key people, but the money is still part of the company’s assets and can be claimed by creditors if the company goes bankrupt—think of it as a labeled jar that isn’t completely off-limits.
deferral agreements financial
"held indirectly in a Rabbi Trust pursuant to deferral agreements."
FAQ
What insider transaction did THG director Jane D. Carlin report on this Form 4?
Director Jane D. Carlin reported acquiring 3.767 restricted stock units of Hanover Insurance Group common stock. The grant reflects dividend equivalent rights on previously awarded RSUs, issued at a stated price of $0.00 per share under the company’s 2022 Long-Term Incentive Plan.
What is the nature of the equity granted to Jane D. Carlin in this THG Form 4?
The equity consists of 3.767 restricted stock units granted as dividend equivalent rights on earlier RSU awards. These RSUs were issued under Hanover Insurance Group’s 2022 Long-Term Incentive Plan and are recorded at a stated per-share price of $0.00 in the filing.
When do the new RSUs reported by THG director Jane D. Carlin vest?
The newly granted RSUs vest on the earlier of two events: the one-year anniversary of the original underlying RSU grant date or the date of Hanover Insurance Group’s next annual meeting. This schedule ties vesting to both time-based and corporate event milestones.
What is the role of dividend equivalent rights in Jane D. Carlin’s THG RSU grant?
The 3.767 RSUs reflect dividend equivalent rights accrued on previously granted RSUs. Instead of receiving cash dividends, Carlin accrues additional RSU units under Hanover Insurance Group’s 2022 Long-Term Incentive Plan, effectively reinvesting dividends in stock-based awards.