RSU dividend equivalents lift Hanover (THG) director Bunting’s holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bunting Theodore H JR reported acquisition or exercise transactions in this Form 4 filing.
HANOVER INSURANCE GROUP, INC. director Theodore H. Bunting Jr. received a grant of 3.767 restricted stock units as a dividend equivalent under the company’s 2022 Long-Term Incentive Plan. These units vest on the earlier of the one-year anniversary of the original RSU grant or the next annual meeting, bringing his direct holdings to 7,034.767 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bunting Theodore H JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3.767 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,034.767 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 3.767 units
Shares after grant: 7,034.767 shares
Grant price: $0.0000 per share
3 metrics
RSUs granted
3.767 units
Dividend equivalent grant on common stock
Shares after grant
7,034.767 shares
Direct common stock holdings following transaction
Grant price
$0.0000 per share
Non-cash RSU grant under 2022 LTIP
Key Terms
restricted stock units, dividend equivalent rights, 2022 Long-Term Incentive Plan, annual meeting
4 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")"
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 THG director Theodore H. Bunting Jr. report on this Form 4?
He reported receiving 3.767 restricted stock units as a grant. The RSUs were awarded as dividend equivalents linked to earlier RSU grants under Hanover’s 2022 Long-Term Incentive Plan.
What is the nature of the THG RSU grant reported by Bunting?
The grant consists of restricted stock units issued at no cash cost. They were credited as dividend equivalent rights tied to previously granted RSUs under Hanover’s 2022 Long-Term Incentive Plan.
When will the newly granted THG restricted stock units vest?
The units vest on the earlier of two dates. They vest on the one-year anniversary of the original underlying RSU grant or on the date of Hanover’s next annual meeting of shareholders.
Was this THG Form 4 transaction a market purchase or sale?
No, it was not a market trade. The filing shows a non-cash acquisition coded as a grant or award of restricted stock units, rather than an open-market buy or sell transaction.