Form 4: Hanover Insurance Group Executive Vice President Denise Lowsley Reports Stock Forfeiture for Tax Obligations
SEC Form 4 Filing
Executive Vice President Denise Lowsley of Hanover Insurance Group reports the forfeiture of 832 common stock shares to cover withholding taxes upon the vesting of restricted stock units on February 28, 2025.
Summary
- On February 28, 2025, Denise Lowsley, an Executive Vice President at Hanover Insurance Group, forfeited 832 shares of common stock.
- The forfeiture was to cover withholding taxes related to the vesting of restricted stock units previously granted by the issuer.
- The price per share was $170.53.
- Following the transaction, Lowsley directly owns 5,022.028 shares of Hanover Insurance Group common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard procedure for covering tax obligations related to vested stock.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like executive officers and directors, trade in their company's stock. This filing indicates a routine transaction related to tax obligations upon vesting of restricted stock units, which is a common form of executive compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine forfeiture of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of stock forfeiture and vesting of restricted stock units. |
| 03/03/2025 | Date of signature on the report. |
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