4//SEC Filing
Berthiaume Mark Leo 4
Accession 0000944695-19-000209
CIK 0000944695other
Filed
Dec 30, 7:00 PM ET
Accepted
Dec 31, 1:55 PM ET
Size
15.2 KB
Accession
0000944695-19-000209
Insider Transaction Report
Form 4
Berthiaume Mark Leo
Senior Vice President
Transactions
- Award
Common Stock
2019-12-27+23.307→ 4,965.696 total
Holdings
- 4,957
Common Stock Option (right to buy)
Exercise: $66.14Exp: 2025-02-27→ Common Stock (4,957 underlying) - 14,754
Common Stock Option (right to buy)
Exercise: $104.11Exp: 2028-02-27→ Common Stock (14,754 underlying) - 9,390
Common Stock Option (right to buy)
Exercise: $77.91Exp: 2026-02-23→ Common Stock (9,390 underlying) - 17,191
Common Stock Option (right to buy)
Exercise: $85.87Exp: 2027-02-24→ Common Stock (17,191 underlying) - 6,678
Common Stock Option (right to buy)
Exercise: $117.22Exp: 2029-03-05→ Common Stock (6,678 underlying)
Footnotes (10)
- [F1]Grant of restricted stock units under the Issuer's 2014 Long-Term Incentive Plan upon the accrual of dividend rights associated with restricted stock units originally granted on March 5, 2019 as a result of the payment of a $2.50 special dividend on December 27, 2019 to all shareholders of record on December 16, 2019 (the "Special Dividend") and the payment of the company's regular quarterly dividend on the same date. Such units vest on the third anniversary of the date of grant of the underlying restricted stock units.
- [F10]A third of the award will vest on each of the first three anniversaries of the date of grant.
- [F2]Option award previously granted by the Issuer on February 27, 2015. On December 13, 2019, pursuant to the terms specified in the award, the exercise price of this award was automatically adjusted from $67.34 to $66.14, and the number of remaining shares underlying the award was automatically adjusted from 4,868 to 4,957 to reflect the Special Dividend.
- [F3]A third of the award vested on each of the first three anniversaries of the date of grant.
- [F4]Option award previously granted by the Issuer on February 23, 2016. On December 13, 2019, pursuant to the terms specified in the award, the exercise price of this award was automatically adjusted from $79.33 to $77.91, and the number of remaining shares underlying the award was automatically adjusted from 9,221 to 9,390 to reflect the Special Dividend.
- [F5]Option award previously granted by the Issuer on February 24, 2017. On December 13, 2019, pursuant to the terms specified in the award, the exercise price of this award was automatically adjusted from $87.43 to $85.87, and the number of shares underlying the award was automatically adjusted from 16,882 to 17,191 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 27, 2018. On December 13, 2019, pursuant to the terms specified in the award, the exercise price of this award was automatically adjusted from $106.01 to $104.11, and the number of shares underlying the award was automatically adjusted from 14,489 to 14,754 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 March 5, 2019. On December 13, 2019, pursuant to the terms specified in the award, the exercise price of this award was automatically adjusted from $119.36 to $117.22, and the number of shares underlying the award was automatically adjusted from 6,558 to 6,678 to reflect the Special Dividend.
Documents
Issuer
HANOVER INSURANCE GROUP, INC.
CIK 0000944695
Entity typeother
Related Parties
1- filerCIK 0001625927
Filing Metadata
- Form type
- 4
- Filed
- Dec 30, 7:00 PM ET
- Accepted
- Dec 31, 1:55 PM ET
- Size
- 15.2 KB