THG executive receives small RSU dividend-equivalent grant
HANOVER INSURANCE GROUP, INC. reported that executive Patricia A. Norton-Gatto, Senior Vice President and Principal Accounting Officer, received a small equity award in the form of restricted stock units.
Rhea-AI Filing Summary
HANOVER INSURANCE GROUP, INC. reported that executive Patricia A. Norton-Gatto, Senior Vice President and Principal Accounting Officer, received a small equity award in the form of restricted stock units. The grant covers 5.761 RSUs at no cash cost as a compensation-related acquisition.
These RSUs were issued under the company’s 2022 Long-Term Incentive Plan as dividend equivalent rights tied to previously granted RSUs, meaning they mirror dividends that would have been paid on earlier awards. The newly credited RSUs vest on the third anniversary of the original underlying RSU grant, and Norton-Gatto now holds 2,446.063 shares of common stock directly following this transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5.761 | $0.00 | $0.00 |
Footnotes (1)
- F1. 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 RSUs vest on the third anniversary of the date of grant of the original underlying RSUs.
Key Figures
Key Terms
restricted stock units financial
dividend equivalent rights financial
2022 Long-Term Incentive Plan financial
FAQ
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What insider transaction did THG executive Patricia Norton-Gatto report?
Was the THG Form 4 transaction a stock purchase or sale?
What plan governs the THG restricted stock unit grant in this Form 4?
When do Patricia Norton-Gatto’s new THG RSUs vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.