Welzenbach Mark Joseph 4
4 · HANOVER INSURANCE GROUP, INC. · Filed Mar 2, 2022
Insider Transaction Report
Form 4
Welzenbach Mark Joseph
Senior Vice President
Transactions
- Award
Common Stock
2022-02-28+1,672→ 21,714.077 total - Award
Common Stock Option (right to buy)
2022-02-28+4,380→ 4,380 totalExercise: $139.51Exp: 2032-02-28→ Common Stock (4,380 underlying) - Award
Common Stock
2022-02-28+936→ 22,650.077 total - Award
Common Stock
2022-02-28+896→ 23,546.077 total
Footnotes (4)
- [F1]On March 5, 2019, the Reporting Person was granted 1,048 (target) performance-based restricted stock units ("PBRSUs") pursuant to the Issuer's 2014 Long-Term Incentive Plan. These PBRSUs were subject to a performance-based vesting condition related to three-year average adjusted return on equity and a time-based vesting condition and also provided for the accumulation of dividend equivalent rights. On February 28, 2022, the performance condition for this award was certified at 146.4% of the target award (as adjusted for accumulated dividend equivalent rights) for the number of shares indicated. This award remains subject to the time-based vesting condition and is scheduled to vest on March 7, 2022.
- [F2]On March 5, 2019, the Reporting Person was granted 937 (target) PBRSUs pursuant to the Issuer's 2014 Long-Term Incentive Plan. These PBRSUs were subject to a performance-based vesting condition related to three-year relative total shareholder return and a time-based vesting condition and also provided for the accumulation of dividend equivalent rights. On February 28, 2022, the performance condition for this award was certified at 91.67% of the target award (as adjusted for accumulated dividend equivalent rights) for the number of shares indicated. This award remains subject to the time-based vesting condition and is scheduled to vest on March 7, 2022.
- [F3]Grant of restricted stock units under the Issuer's 2014 Long-Term Incentive Plan. Such units vest on the third anniversary of the date of grant.
- [F4]Such options vest as to one-third of the shares on each of the first three anniversaries of the grant date.