LOVELY DAVID JOHN 4

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.