Form 4: Hanover Insurance Group Executive Vice President Richard W. Lavey Reports Acquisition of Restricted Stock Units

Richard W. Lavey, Executive Vice President of Hanover Insurance Group, reports the acquisition of restricted stock units due to dividend equivalent rights.

Summary

• On March 28, 2025, Richard W. Lavey, an Executive Vice President at Hanover Insurance Group, acquired 31.436 restricted stock units (RSUs) at $0 price.
• These RSUs were granted under the Issuer's 2022 Long-Term Incentive Plan (2022 LTIP) and are associated with the accrual of dividend equivalent rights from previously granted RSUs.
• Following this transaction, Lavey directly owns 39,079.14 shares of Hanover Insurance Group common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and alignment of interests. There are no indications of negative events or concerns.

Positives

• The acquisition of RSUs indicates continued alignment of the executive's interests with those of the shareholders through equity-based compensation.

Future Outlook

The vesting of the RSUs is contingent upon the terms of the 2022 Long-Term Incentive Plan and will occur on the third anniversary of the original underlying RSUs' grant date.

Industry Context

This filing is a routine disclosure related to executive compensation and is common in the insurance industry to align management incentives with shareholder value.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning executive compensation with company performance.

Key Dates

Keywords

Hanover Insurance Group, Richard W. Lavey, restricted stock units, RSUs, dividend equivalent rights, 2022 Long-Term Incentive Plan, executive compensation, Form 4, THG