LAVEY RICHARD W 4

What Happened

• Richard W. Lavey, Executive Vice President of Hanover Insurance Group, received a total of 16,796 restricted stock units (RSUs)/awards on February 24, 2026. The awards are reported as acquisitions at $0 per share because they are grants (not cash purchases). The grants break down as 2,882; 1,857; 2,089; and 9,968 units (the last is reported as a derivative security/performance-related award).
• These awards were originally granted on February 27, 2023 under Hanover’s 2022 Long-Term Incentive Plan and remain subject to time- and/or performance-based vesting; several tranches vest on February 27, 2026 once applicable performance conditions are certified.

Key Details

• Transaction date: February 24, 2026; Report filed: February 26, 2026 (timely filing).
• Price: $0.00 per share (grant/award).
• Total units granted: 16,796 RSUs (2,882 + 1,857 + 2,089 + 9,968).
• Vesting/footnotes:
  • F1: PBRSUs tied to three-year adjusted return on equity, certified at 150% of target (plus dividend equivalents); vests Feb 27, 2026, subject to time vesting.
  • F2: PBRSUs tied to three-year relative total shareholder return, certified at 100% of target (plus dividend equivalents); vests Feb 27, 2026, subject to time vesting.
  • F3: Grant of time-based RSUs that vest on the third anniversary of the Feb 27, 2023 grant (i.e., Feb 27, 2026).
  • F4: Notes typical option vesting schedule (one-third on each of first three anniversaries) — informational about plan terms.
• Shares owned after the transaction: not specified in the excerpts provided.

Context

• These are awards/grants (not purchases or sales), so they do not reflect an immediate cash outlay or sale by the insider. Performance-based RSUs are reported as derivative securities because payout depends on future performance conditions.
• Grants reported at $0 are standard for equity awards; their ultimate value to the insider depends on future share price and satisfaction of vesting conditions.