Hanover Insurance (NYSE: THG) SVP granted dividend-equivalent RSUs in Form 4
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.
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Insider Trade Summary
Net Buyer: 5.761 shares
Net Buy
1 txn
Insider
Norton-Gatto Patricia A.
Role
SVP & Princpl. Accntg. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5.761 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 2,446.063 shares (Direct)
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
RSU grant size: 5.761 RSUs
Grant price per share: $0.0000 per share
Post-transaction holdings: 2,446.063 shares
+1 more
4 metrics
RSU grant size
5.761 RSUs
Dividend-equivalent grant on common stock
Grant price per share
$0.0000 per share
Compensation-related RSU acquisition
Post-transaction holdings
2,446.063 shares
Common stock directly owned after grant
Transaction date
2026-06-26
Date RSU dividend-equivalent grant was recorded
Key Terms
restricted stock units, dividend equivalent rights, 2022 Long-Term Incentive Plan
3 terms
restricted stock units financial
"Grant of restricted stock units ("RSUs") 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.
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.
2022 Long-Term Incentive Plan financial
"under the Issuer's 2022 Long-Term Incentive Plan ("2022 LTIP")"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did THG executive Patricia Norton-Gatto report?
Patricia Norton-Gatto reported receiving 5.761 restricted stock units as a compensation-related grant. These RSUs were credited at no cash cost and arise from dividend equivalent rights tied to prior awards under Hanover Insurance Group’s 2022 Long-Term Incentive Plan.
Was the THG Form 4 transaction a stock purchase or sale?
The Form 4 shows an acquisition through an equity award, not a market trade. Norton-Gatto received 5.761 restricted stock units as a grant, with no reported open-market buying or selling of Hanover Insurance Group common stock in this filing.
What plan governs the THG restricted stock unit grant in this Form 4?
The restricted stock unit grant is issued under Hanover Insurance Group’s 2022 Long-Term Incentive Plan. The Form 4 footnote explains the RSUs result from dividend equivalent rights tied to earlier RSU awards previously granted pursuant to this same 2022 plan.
When do Patricia Norton-Gatto’s new THG RSUs vest?
The newly credited restricted stock units vest on the third anniversary of the original underlying RSU grant date. This means the vesting schedule follows the prior award’s timing, aligning the dividend-equivalent RSUs with the original long-term incentive structure.