Form 4: Hanover Insurance Group Executive Vice President Dennis Francis Kerrigan Reports Share Forfeiture for Tax Obligations

Executive Vice President Dennis Francis Kerrigan of Hanover Insurance Group reports the forfeiture of 1,180 common stock shares to cover withholding taxes upon the vesting of restricted stock units.

Summary

• On February 28, 2025, Dennis Francis Kerrigan, an Executive Vice President at Hanover Insurance Group, forfeited 1,180 shares of common stock.
• The shares were forfeited to cover withholding taxes related to the vesting of restricted stock units.
• The transaction occurred at a price of $170.53 per share.
• Following the transaction, Kerrigan beneficially owns 9,977.589 shares of Hanover Insurance Group common stock.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This filing indicates the vesting of restricted stock units and the subsequent tax obligations, which is a common practice in executive compensation packages within the insurance industry.

Stakeholder Impact

• The forfeiture of shares has a minor dilutive effect on existing shareholders, but it is a standard part of executive compensation.

Key Dates