Hanover (THG) EVP Salvatore Bryan Receives 15,077-Share Award

What Happened

• Salvatore Bryan, Executive Vice President of Hanover Insurance Group (THG), was granted/recorded four awards on Feb 24, 2026 totaling 15,077 shares (2,595; 1,672; 1,873; and 8,937). All were reported as acquired at $0.00 on the Form 4. The awards include performance-based restricted stock units (PBRSUs) and time-based restricted stock units; some performance awards were recently certified above target (see details below). These are compensation awards—not open-market purchases or sales.

Key Details

• Transaction date: Feb 24, 2026; Form 4 filed Feb 26, 2026 (timely).
• Reported acquisition amounts and prices: 2,595 @ $0.00; 1,672 @ $0.00; 1,873 @ $0.00; 8,937 (derivative) @ $0.00.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Notable footnotes:
  • PBRSU award (granted Feb 27, 2023) had its performance certified at 150% of target (adjusted for dividend equivalents); remains subject to time-based vesting and will vest Feb 27, 2026.
  • A second PBRSU (granted Feb 27, 2023) was certified at 100% of target; also vests Feb 27, 2026.
  • A grant of standard restricted stock units vests on the third anniversary of grant.
  • The filing also cites the LTIP option vesting schedule (one-third on each of the first three anniversaries) where applicable.
• Filing timeliness: filed within the Form 4 reporting window (no late-filing flag).

Context

• PBRSUs and RSUs are compensation awards that convert to shares only when vesting conditions (performance and/or time) are met; they are reported at $0 as acquisitions because they are awards, not cash purchases.
• Performance certification (one award at 150% and another at 100%) increases the number of units payable at vesting, but the awards remain subject to scheduled vesting before becoming shares the insider can sell.
• These entries reflect compensation and vesting certification rather than an insider buying or selling stock, so they should be interpreted as routine executive compensation disclosures rather than directional market bets.