4//SEC Filing
HUBER J KENDALL 4
Accession 0000944695-19-000016
CIK 0000944695other
Filed
Jan 23, 7:00 PM ET
Accepted
Jan 24, 6:00 PM ET
Size
14.0 KB
Accession
0000944695-19-000016
Insider Transaction Report
Form 4
HUBER J KENDALL
Senior Vice President
Transactions
- Award
Common Stock
2019-01-23+2,406→ 38,973 total
Holdings
- 29,775
Common Stock Option (right to buy)
Exercise: $87.43Exp: 2027-02-24→ Common Stock (29,775 underlying) - 23,261
Common Stock Option (right to buy)
Exercise: $67.34Exp: 2025-02-27→ Common Stock (23,261 underlying) - 20,841
Common Stock Option (right to buy)
Exercise: $79.33Exp: 2026-02-23→ Common Stock (20,841 underlying) - 25,754
Common Stock Option (right to buy)
Exercise: $106.01Exp: 2028-02-27→ Common Stock (25,754 underlying)
Footnotes (10)
- [F1]On February 23, 2016, the Reporting Person was granted 2,000 (target) performance-based restricted stock units ("PBRSUs") pursuant to the Issuer's 2014 Long-Term Incentive Plan. The PBRSUs were subject to both performance-based and time-based vesting conditions. On December 30, 2018, the Issuer announced the issuance of a $4.75 special dividend payable on January 25, 2019 to all shareholders of record on January 10, 2019 (the "Special Dividend"). On January 9, 2019, pursuant to the terms of the award, the target amount of the PBRSUs was automatically adjusted to reflect the Special Dividend. On January 23, 2019, the performance condition for this award was certified at 115.38% of the target award, vesting the performance condition of the PBRSUs and converting the award into a restricted stock unit for the number of shares indicated. The restricted stock unit will vest 100% on the third anniversary of the original PBRSU grant date.
- [F10]A third of the award will vest on each of the first three anniversaries of the date of grant.
- [F2]Includes 86 shares acquired by an automatic adjustment to previously granted time-based restricted stock unit awards on January 9, 2019 pursuant to the terms specified in the awards to reflect the Special Dividend. Does not include 1,320 shares held indirectly in a Rabbi Trust pursuant to deferral agreements.
- [F3]Option award previously granted by the Issuer on February 27, 2015. On January 9, 2019, pursuant to the terms specified in the award, the exercise price of this award was automatically adjusted from $70.24 to $67.34, and the number of shares underlying the award was automatically adjusted from 22,300 to 23,261 to reflect the Special Dividend.
- [F4]A third of the award vested on each of the first three anniversaries of the date of grant.
- [F5]Option award previously granted by the Issuer on February 23, 2016. On January 9, 2019, pursuant to the terms specified in the award, the exercise price of this award was automatically adjusted from $82.74 to $79.33, and the number of shares underlying the award was automatically adjusted from 19,980 to 20,841 to reflect the Special Dividend.
- [F6]A third of the award vested on each of the first two anniversaries of the date of grant, and the remaining third will vest on the third anniversary of the date of grant.
- [F7]Option award previously granted by the Issuer on February 24, 2017. On January 9, 2019, pursuant to the terms specified in the award, the exercise price of this award was automatically adjusted from $91.19 to $87.43, and the number of shares underlying the award was automatically adjusted from 28,545 to 29,775 to reflect the Special Dividend.
- [F8]A third of the award vested on the first anniversary of the date of grant, and an additional third will vest on each of the second and third anniversaries of the date of grant.
- [F9]Option award previously granted by the Issuer on February 27, 2018. On January 9, 2019, pursuant to the terms specified in the award, the exercise price of this award was automatically adjusted from $110.57 to $106.01, and the number of shares underlying the award was automatically adjusted from 24,690 to 25,754 to reflect the Special Dividend.
Documents
Issuer
HANOVER INSURANCE GROUP, INC.
CIK 0000944695
Entity typeother
Related Parties
1- filerCIK 0001227471
Filing Metadata
- Form type
- 4
- Filed
- Jan 23, 7:00 PM ET
- Accepted
- Jan 24, 6:00 PM ET
- Size
- 14.0 KB