Lee Willard T 4

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.