Hanover (NYSE: THG) EVP receives dividend-linked RSU grant on Form 4
Rhea-AI Filing Summary
LAVEY RICHARD W reported acquisition or exercise transactions in this Form 4 filing.
HANOVER INSURANCE GROUP, INC. Executive Vice President Richard W. Lavey received 28.415 shares of common stock as restricted stock units granted at no cost. These RSUs were credited as dividend equivalent rights tied to previously granted RSUs under the 2022 Long-Term Incentive Plan and will vest on the third anniversary of the original RSU grant date. After this award, he directly holds a total of 34,446.623 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 28.415 shares
Net Buy
1 txn
Insider
LAVEY RICHARD W
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 28.415 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 34,446.623 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
RSUs granted: 28.415 shares
Grant price: $0.0000 per share
Holdings after transaction: 34,446.623 shares
+1 more
4 metrics
RSUs granted
28.415 shares
Restricted stock units granted as dividend equivalents
Grant price
$0.0000 per share
RSUs under 2022 Long-Term Incentive Plan
Holdings after transaction
34,446.623 shares
Common stock held directly after RSU grant
Vesting schedule
Third anniversary
RSUs vest on third anniversary of original RSU grant
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 Richard W. Lavey report on this Form 4?
Richard W. Lavey reported receiving 28.415 shares of THG common stock as restricted stock units. These units were granted at no cash cost as dividend equivalent rights linked to his previously granted RSUs under the company’s 2022 Long-Term Incentive Plan.
When will Richard W. Lavey’s newly granted THG RSUs vest?
The RSUs granted to Richard W. Lavey will vest on the third anniversary of the original underlying RSU grant date. They were issued as dividend equivalent rights connected to those earlier RSUs, so their vesting follows the original awards’ timing framework.
Were the THG restricted stock units granted to Richard W. Lavey tied to dividends?
Yes. The 28.415 restricted stock units were granted in connection with the accrual of dividend equivalent rights. These rights are associated with RSUs previously granted under THG’s 2022 Long-Term Incentive Plan, effectively mirroring dividends on those earlier awards in stock form.