Hanover Insurance Group (THG) director receives 843-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Donnell William E. reported acquisition or exercise transactions in this Form 4 filing.
Hanover Insurance Group director William E. Donnell received an equity award of 843 shares of common stock. The shares were granted at no cash cost as restricted stock units under the company’s 2022 Long-Term Incentive Plan and will vest on the earlier of one year from the grant date or the next annual shareholder meeting. After this award, Donnell holds 843 shares directly, and a footnote notes an additional 977 shares held indirectly in a Rabbi Trust under deferral agreements.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Donnell William E.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 843 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 843 shares (Direct, null)
Footnotes (1)
- 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. Does not include 977 shares held indirectly in a Rabbi Trust pursuant to deferral agreements.
Key Figures
Equity award shares: 843 shares
Grant price: $0.00 per share
Direct holdings after grant: 843 shares
+1 more
4 metrics
Equity award shares
843 shares
Restricted stock unit grant to director William E. Donnell
Grant price
$0.00 per share
Price for the 843 restricted stock unit shares
Direct holdings after grant
843 shares
Common stock directly held following the award
Indirect holdings in Rabbi Trust
977 shares
Shares held indirectly pursuant to deferral agreements
Key Terms
restricted stock units, 2022 Long-Term Incentive Plan, Rabbi Trust, deferral agreements
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."
Rabbi Trust financial
"Does not include 977 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
"Does not include 977 shares held indirectly in a Rabbi Trust pursuant to deferral agreements."
FAQ
What did Hanover Insurance Group (THG) director William E. Donnell report on this Form 4?
William E. Donnell reported receiving 843 shares of Hanover Insurance Group common stock as an equity award. These were granted as restricted stock units and represent compensation, not an open-market purchase or sale, increasing his directly held share count to 843.
What are the vesting terms of the restricted stock units granted to the THG director?
The restricted stock units vest on the earlier of the one-year anniversary of the grant date or the date of the next annual meeting. This means the director’s 843-share award becomes fully owned after that vesting trigger is met, subject to plan terms.
Is this THG Form 4 transaction an open-market buy or sell by the director?
This transaction is not an open-market buy or sell. It is coded as an “A” transaction, described as a grant, award, or other acquisition, representing restricted stock units awarded under the company’s long-term incentive plan as part of director compensation.