FIRSTENBERG DAVID J 4
4 · HANOVER INSURANCE GROUP, INC. · Filed Mar 1, 2010
Insider Transaction Report
Form 4
FIRSTENBERG DAVID J
Vice President
Transactions
- Award
Common Stock
2010-02-25+1,320→ 27,801 total - Tax Payment
Common Stock
2010-02-25$41.80/sh−501$20,942→ 27,300 total
Footnotes (3)
- [F1]On February 23, 2007, the Reporting Person was granted 1,800 (target) performance-based restricted stock units (the "PBRSUs") pursuant to the Issuer's 2006 Long-Term Incentive Plan. The actual PBRSU award could have been as low as 0% or as high as 150% of the target award based upon the Issuer achieving certain three-year average (2007-2009) adjusted return on equity and premium growth. On February 25, 2010, the Issuer's Compensation Committee determined that the three-year average adjusted return on equity and premium growth had been achieved at a level that entitled the holders of the PBRSUs to 73.33% of the target award. Accordingly, on February 25, 2010, the PBRSUs vested and converted into the number of shares indicated on this Form 4.
- [F2]Tax withholding in connection with vesting of PBRSUs.
- [F3]does not include approximately 6,073 shares held indirectly in 401(k).