Lee Willard T 4
4 · HANOVER INSURANCE GROUP, INC. · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Hanover Insurance (THG) EVP Lee Willard Receives Stock Awards
What Happened
- Lee Willard T, Executive Vice President of Hanover Insurance Group, was granted a total of 6,472 shares/units on February 24, 2026. The filing shows four award entries: 1,154; 744; 793; and 3,781 shares (the last reported as a derivative). All were reported with an acquisition price of $0 (these are awards, not purchases), so no cash was paid.
Key Details
- Transaction date: February 24, 2026; Form 4 filed February 26, 2026 (timely filing).
- Award amounts: 1,154; 744; 793; 3,781 — total 6,472 shares/units.
- Reported price/value: $0 (grant/award entries; market value at vesting not stated).
- Shares owned after transaction: not specified in this Form 4 filing.
- Footnotes of note:
- F1: PBRSUs granted 2/27/2023 tied to three-year adjusted ROE were certified at 150% of target (plus dividend equivalents); still subject to time-based vesting and will vest 2/27/2026.
- F2: PBRSUs granted 2/27/2023 tied to three-year relative TSR were certified at 100% of target (plus dividend equivalents); still subject to time-based vesting and will vest 2/27/2026.
- F3: Other units are restricted stock units granted under the 2022 LTIP that vest on the third anniversary of grant.
- F4: (General note) Certain options may vest one-third each year; no option exercise was reported in this filing.
- Filing timeliness: filed two days after the report date — appears timely, not marked late.
Context
- These entries are award grants (performance- and time-based restricted stock units), not open-market buys or sales. The PBRSU awards had their performance results certified (some at above-target), but final settlement depends on the remaining time-based vesting (vesting dates noted as February 27, 2026 or third anniversary of grant).
- Awards recorded at $0 on the Form 4 reflect grant accounting; the economic value to the insider will depend on the company share price at vesting/settlement and tax treatment at that time.
- Such awards are routine executive compensation and do not, by themselves, indicate an insider buying or selling shares on the open market.
Insider Transaction Report
Form 4
Lee Willard T
Executive Vice President
Transactions
- Award
Common Stock
[F1]2026-02-24+1,154→ 6,645.951 total - Award
Common Stock
[F2]2026-02-24+744→ 7,389.951 total - Award
Common Stock
[F3]2026-02-24+793→ 8,182.951 total - Award
Common Stock Option (right to buy)
[F4]2026-02-24+3,781→ 3,781 totalExercise: $173.56Exp: 2036-02-24→ Common Stock (3,781 underlying)
Footnotes (4)
- [F1]On February 27, 2023, the Reporting Person was granted performance-based restricted stock units ("PBRSUs") pursuant to the Issuer's 2022 Long-Term Incentive Plan ("2022 LTIP"). 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 24, 2026, the performance condition for this award was certified at 150% of the target award (as adjusted for accumulated dividend equivalent rights). This award remains subject to the time-based vesting condition and will vest on February 27, 2026.
- [F2]On February 27, 2023, the Reporting Person was granted PBRSUs pursuant to the Issuer's 2022 LTIP. 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 24, 2026, the performance condition for this award was certified at 100% of the target award (as adjusted for accumulated dividend equivalent rights). This award remains subject to the time-based vesting condition and will vest on February 27, 2026.
- [F3]Grant of restricted stock units under the Issuer's 2022 LTIP. 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.
Signature
/s/ Lindsay L. Katz pursuant to Confirming Statement|2026-02-26