Hanover Insurance (THG) director granted RSU dividend equivalents, now holds 6,355.767 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hanover Insurance Group director J. Paul Condrin received a small equity-based award. On June 26, 2026, he acquired 3.767 shares of common stock at $0.00 per share through a grant of restricted stock units under the company’s 2022 Long-Term Incentive Plan.
The grant reflects dividend equivalent rights tied to RSUs previously awarded under the same plan. Following this award, Condrin directly holds 6,355.767 shares of Hanover Insurance Group common stock. The new units vest on the earlier of the one-year anniversary of the original RSU grant date or the next annual meeting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Condrin J Paul
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3.767 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 6,355.767 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU dividend equivalent grant: 3.767 shares
Grant price per share: $0.00 per share
Shares held after transaction: 6,355.767 shares
+2 more
5 metrics
RSU dividend equivalent grant
3.767 shares
Common Stock RSUs granted June 26, 2026
Grant price per share
$0.00 per share
Restricted stock unit award
Shares held after transaction
6,355.767 shares
Direct ownership following RSU grant
Transaction code
A (Grant, award, or other acquisition)
Form 4 non-derivative transaction code
Transaction direction
Acquire
Grant/award acquisition of RSUs
Key Terms
restricted stock units ("RSUs"), dividend equivalent rights, 2022 Long-Term Incentive Plan ("2022 LTIP"), annual meeting
4 terms
restricted stock units ("RSUs") financial
"Grant of restricted stock units ("RSUs") under the Issuer's 2022 Long-Term Incentive Plan"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
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 ("2022 LTIP") financial
"under the Issuer's 2022 Long-Term Incentive Plan ("2022 LTIP") in connection with the accrual"
annual meeting financial
"Such units vest on the earlier of the one-year anniversary ... 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
What did Hanover Insurance Group (THG) director J. Paul Condrin report on this Form 4?
He reported receiving 3.767 shares of Hanover common stock via restricted stock units. These units were granted as dividend equivalent rights linked to previously awarded RSUs under the 2022 Long-Term Incentive Plan, increasing his direct holdings to 6,355.767 shares.
Was the Hanover Insurance Group (THG) Form 4 transaction a market purchase or sale?
The transaction was not a market trade. It was a grant or award acquisition of restricted stock units at a price of $0.00 per share, reflecting dividend equivalent rights on earlier RSU awards, rather than an open-market buy or sell order.
What are the vesting terms for the new RSUs reported by Hanover Insurance Group (THG)?
The new RSUs vest on the earlier of two dates: the one-year anniversary of the grant date of the original underlying RSUs, or the date of the next annual meeting. These vesting conditions apply to the dividend equivalent units granted under the 2022 Long-Term Incentive Plan.