Hanover Insurance (NYSE: THG) EVP receives dividend-based RSU grant

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 a grant of 35.468 restricted stock units (RSUs) tied to dividend equivalent rights under the company’s 2022 Long-Term Incentive Plan. These RSUs will vest on the third anniversary of the original underlying RSU grant, and following this award he holds 34,418.208 shares of common stock directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider LAVEY RICHARD W

Role Executive Vice President

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	35.468	$0.00	--

Holdings After Transaction: Common Stock — 34,418.208 shares (Direct)

Footnotes (1)

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Key Figures

RSUs granted: 35.468 RSUs Shares after transaction: 34,418.208 shares Transaction price per share: $0.0000 per share

3 metrics

RSUs granted 35.468 RSUs Dividend equivalent rights grant on 2026-03-27

Shares after transaction 34,418.208 shares Total common stock directly held after grant

Transaction price per share $0.0000 per share Grant/award acquisition, not an open-market trade

Key Terms

restricted stock units, dividend equivalent rights, 2022 Long-Term Incentive Plan, vest

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")"

vest financial

"Such RSUs vest on the third anniversary of the date of grant"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

LAVEY RICHARD W

(Last) (First) (Middle)

C/O THE HANOVER INSURANCE GROUP, INC.

440 LINCOLN STREET

(Street)

WORCESTER MASSACHUSETTS 01653

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
HANOVER INSURANCE GROUP, INC. [ THG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/27/2026		A(1)		35.468	A	$0	34,418.208	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

	/s/ Lindsay L. Katz pursuant to Confirming Statement	03/31/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did THG Executive Vice President Richard W. Lavey report?

Richard W. Lavey reported receiving 35.468 restricted stock units as a grant. The award reflects dividend equivalent rights on RSUs already granted under Hanover Insurance Group’s 2022 Long-Term Incentive Plan, adding to his existing direct common stock holdings.

Was the THG Form 4 transaction an open-market buy or sell of shares?

The transaction was not an open-market buy or sell. It is coded as a grant or award acquisition, representing additional restricted stock units credited to Richard W. Lavey rather than a purchase or sale on the open market.

How many Hanover Insurance Group shares does Richard W. Lavey hold after this RSU grant?

After the reported grant, Richard W. Lavey directly holds 34,418.208 shares of Hanover Insurance Group common stock. This figure reflects his total direct position reported in the Form 4 following the addition of the new restricted stock units.

What plan governs the RSU grant reported by THG’s Executive Vice President?

The RSU grant was made under Hanover Insurance Group’s 2022 Long-Term Incentive Plan. The award arises from dividend equivalent rights linked to RSUs previously granted under this same plan, reinforcing its role in the company’s executive equity compensation.

When will the new RSUs granted to THG’s Richard W. Lavey vest?

The newly granted restricted stock units will vest on the third anniversary of the original underlying RSU grant date. This means the vesting schedule follows the original RSU award, aligning the additional dividend-based RSUs with that existing vesting timetable.