Form 4: Hanover Insurance Executive Receives Restricted Stock Unit Grant for Dividend Equivalents

Bryan J. Salvatore, Executive Vice President of Hanover Insurance Group, received a grant of 29.061 restricted stock units as dividend equivalent rights under the company's 2022 Long-Term Incentive Plan.

Summary

• Bryan J. Salvatore, Executive Vice President of Hanover Insurance Group, Inc. (THG), was granted 29.061 shares of Common Stock.
• The transaction occurred on June 27, 2025, and was reported on June 30, 2025.
• The acquisition was a grant of restricted stock units (RSUs) under the Issuer's 2022 Long-Term Incentive Plan (2022 LTIP).
• The RSUs were granted in connection with the accrual of dividend equivalent rights associated with RSUs previously granted under the 2022 LTIP.
• The price per share for this grant was $0, indicating it was an award rather than a purchase.
• Following this transaction, Mr. Salvatore beneficially owns 25,892.649 shares of Common Stock.
• The granted RSUs are scheduled to vest on the third anniversary of the date of grant of the original underlying RSUs.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to an executive for dividend equivalent rights is a standard component of executive compensation, aligning management's interests with shareholder value creation over the long term. This is a routine, slightly positive event.

Positives

• The grant of restricted stock units to an executive aligns management's long-term interests with those of shareholders, as the value of the RSUs is tied to the company's stock performance.
• The transaction is part of a structured long-term incentive plan (2022 LTIP), indicating a systematic approach to executive compensation and retention.

Future Outlook

The granted restricted stock units are scheduled to vest on the third anniversary of the original underlying RSU grant date, aligning executive incentives with long-term company performance.

Industry Context

This transaction represents a routine executive compensation event, common across publicly traded companies, particularly within the insurance sector, to incentivize and retain key management personnel through equity-based awards.

Related Party Transactions

• The transaction involves the grant of restricted stock units to an executive (Bryan J. Salvatore), which is a common form of related-party compensation under the company's 2022 Long-Term Incentive Plan.

Stakeholder Impact

• Shareholders: The grant of equity-based compensation to an executive can align their interests with shareholder value creation, potentially leading to improved long-term performance.
• Employees: While not directly impacting all employees, executive compensation practices can influence overall company culture and compensation philosophy.

Next Steps

• Vesting of the granted restricted stock units on the third anniversary of the original underlying RSU grant date.

Key Dates

Recommendation

Keywords

Hanover Insurance Group, THG, Form 4, SEC filing, insider transaction, restricted stock units, RSU grant, dividend equivalent rights, executive compensation, long-term incentive plan