Hanover Insurance director granted 843 RSUs
Ward Elizabeth A reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Ward Elizabeth A reported acquisition or exercise transactions in this Form 4 filing.
HANOVER INSURANCE GROUP director Elizabeth A. Ward received an equity grant of 843 shares of common stock in the form of restricted stock units at no cost. Following this grant, she directly owns 5,879 shares. The units were granted under the 2022 Long-Term Incentive Plan and vest on the earlier of one year from grant or the next annual meeting.
Insider Trade Summary
Grant/Award: 843 shares
Grant/Award
1 txn
Insider
Ward Elizabeth A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 843 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 5,879 shares (Direct)
Footnotes (1)
- F1. Grant of restricted stock units under the Issuer's 2022 Long-Term Incentive Plan. Such units vest on the earlier of the one-year anniversary of the date of grant or the date of the next annual meeting.
Key Figures
Restricted stock units granted: 843 shares
Grant price per share: $0.00 per share
Shares held after transaction: 5,879 shares
+1 more
4 metrics
Restricted stock units granted
843 shares
Equity award under 2022 Long-Term Incentive Plan
Grant price per share
$0.00 per share
Compensation award, not open-market purchase
Shares held after transaction
5,879 shares
Director’s direct holdings following the grant
Vesting schedule
Earlier of 1 year or next annual meeting
Restricted stock units vesting condition from footnote
Key Terms
restricted stock units, 2022 Long-Term Incentive Plan, vest, annual meeting
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.
annual meeting 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 company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Hanover Insurance (THG) report for Elizabeth A. Ward?
Hanover Insurance reported that director Elizabeth A. Ward received a grant of 843 restricted stock units of common stock at no cost. This equity award was made under the company’s 2022 Long-Term Incentive Plan, increasing her direct holdings to 5,879 shares.
What type of equity award did Hanover Insurance (THG) grant to Elizabeth A. Ward?
Elizabeth A. Ward received restricted stock units representing 843 shares of Hanover Insurance common stock. These awards were granted under the 2022 Long-Term Incentive Plan, providing stock-based compensation rather than a cash payment, with specified vesting conditions tied to time and corporate events.
When do Elizabeth A. Ward’s Hanover Insurance (THG) restricted stock units vest?
The restricted stock units granted to Elizabeth A. Ward vest on the earlier of the one-year anniversary of the grant date or the date of Hanover Insurance’s next annual meeting. This time-based schedule defines when the awarded units convert into fully vested shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
