LOVELY DAVID JOHN 4
4 · HANOVER INSURANCE GROUP, INC. · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Hanover (THG) EVP David Lovely Receives Equity Award
What Happened
- David John Lovely, Executive Vice President of Hanover Insurance Group (THG), was awarded a total of 6,354 equity units on Feb 24, 2026. The filing shows four grants: 1,082; 698; 793; and 3,781 units — all reported at $0.00 on the grant date. These are restricted stock units / performance-based restricted stock units (PBRSUs); the largest tranche (3,781) is reported as a derivative award. The PBRSU performance outcomes were certified Feb 24, 2026 (one at 150% of target and one at 100% of target, as adjusted for accumulated dividend equivalents). The awards remain subject to time‑based vesting and are scheduled to vest on Feb 27, 2026.
Key Details
- Transaction date and price: Feb 24, 2026; all grants reported at $0.00.
- Shares/grants: 1,082 + 698 + 793 + 3,781 = 6,354 total restricted units.
- Shares owned after transaction: Not disclosed in the excerpt provided.
- Notable footnotes: F1/F2 — PBRSUs granted Feb 27, 2023, performance certified Feb 24, 2026 (150% and 100% of target respectively) and will vest Feb 27, 2026; F3 — RSUs that vest on the third anniversary of grant; F4 — note describing an option-style vesting schedule (one‑third each year).
- Filing date / timeliness: Form 4 filed Feb 26, 2026 for Feb 24, 2026 transactions — appears timely (filed within the usual two‑business‑day window).
- Transaction code: A = Grant/Award.
Context
- These are grants/awards, not purchases or sales — they do not involve an upfront cash outlay by the insider and typically vest over time or upon certification of performance metrics. Derivative/PBRSU awards reflect performance certification (here, partly above target) but remain subject to time‑based vesting and potential forfeiture until the vest date. Awards are informative about compensation and potential future insider ownership but do not by themselves indicate a buy/sell signal.
Insider Transaction Report
Form 4
LOVELY DAVID JOHN
Executive Vice President
Transactions
- Award
Common Stock
[F1]2026-02-24+1,082→ 3,371.372 total - Award
Common Stock
[F2]2026-02-24+698→ 4,069.372 total - Award
Common Stock
[F3]2026-02-24+793→ 4,862.372 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