Hanover (NYSE: THG) EVP forfeits 1,068 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hanover Insurance Group executive vice president David John Lovely reported a tax-related share disposition. On February 27, he forfeited 1,068 shares of common stock at $180.63 per share to cover withholding taxes triggered by vesting of previously granted restricted stock units. After this withholding, he holds 3,794.675 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LOVELY DAVID JOHN
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,068 | $180.63 | $193K |
Holdings After Transaction:
Common Stock — 3,794.675 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did THG executive David John Lovely report?
David John Lovely reported a tax-withholding disposition of 1,068 Hanover Insurance Group common shares. The shares were forfeited to cover taxes due when previously granted restricted stock units vested on February 27, 2026, rather than sold in an open-market trade.
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, 1,068 shares were forfeited to cover withholding taxes when restricted stock units previously granted by Hanover Insurance Group vested on February 27, 2026.
What triggered the tax-withholding disposition reported by THG’s executive?
The disposition was triggered by the vesting of restricted stock units granted by Hanover Insurance Group. When the units vested on February 27, 2026, 1,068 common shares were automatically forfeited to the issuer to satisfy related withholding tax obligations.