RAMRATH JOSEPH R 4
Research Summary
AI-generated summary
Hanover (THG) Director Joseph R. Ramrath Receives Award (843 RSUs)
What Happened
- Joseph R. Ramrath, a director of Hanover Insurance Group, Inc. (THG), was granted 843 restricted stock units (RSUs) on 2026-05-12. The reported acquisition price is $0.00, so no cash was exchanged at grant. The Form 4 reports the award type as "A" (grant/award).
Key Details
- Transaction date: 2026-05-12; Form 4 filed: 2026-05-13 (appears timely).
- Amount: 843 RSUs; reported acquisition price: $0.00 (total reported value $0 at grant).
- Shares owned after transaction: not specified in this filing.
- Footnote: RSUs granted under the Issuer’s 2022 Long-Term Incentive Plan. Vesting occurs on the earlier of the one‑year anniversary of the grant or the date of the next annual meeting.
- Transaction code: A = Award/Grant.
Context
- RSUs are compensation awards that convert into shares if and when they vest; they are not an open-market purchase or sale and do not necessarily signal a buy/sell decision by the insider. The economic value to the insider depends on THG’s share price at the time the units vest and settle. Grants to directors are commonly used for retention and alignment with shareholders.