Kerrigan Dennis Francis 4
Research Summary
AI-generated summary
Hanover (THG) EVP Dennis F. Kerrigan Receives Stock Awards
What Happened
Dennis F. Kerrigan, Executive Vice President of Hanover Insurance Group (THG), was reported as receiving a total of 9,290 shares/units on Feb 24, 2026 through grant/award transactions recorded at $0.00 (total reported value $0). The items consist of performance-based restricted stock units (PBRSUs), restricted stock units (RSUs), and a derivative award. One PBRSU award’s performance was certified at 150% of target and another at 100% (both 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: Feb 24, 2026; Form 4 filed Feb 26, 2026 (filed within the typical 2‑business‑day window).
- Reported acquisitions (all at $0.00): 1,730; 1,115; 1,117; and 5,328 shares/units — total 9,290. The 5,328 item is reported as a derivative acquisition.
- Shares owned after transaction: not specified in the Form 4.
- Footnotes from the filing:
- F1: PBRSUs granted Feb 27, 2023 were certified at 150% of target (as adjusted) and vest Feb 27, 2026 (time-based vesting remains).
- F2: PBRSUs granted Feb 27, 2023 were certified at 100% of target (as adjusted) and vest Feb 27, 2026.
- F3: RSUs vest on the third anniversary of the grant (Feb 27, 2026).
- F4: Options (if applicable) vest one‑third on each of the first three anniversaries of the grant date.
- No 10b5‑1 plan, tax‑withholding sale, or late filing flag is noted in the filing.
Context
These are compensation awards and performance‑based vesting certifications, not open‑market purchases or sales. Awards that vest after performance certification reflect company compensation and recognition of achieved metrics (e.g., adjusted ROE and relative TSR) and do not by themselves indicate insider buying or selling intent. Vesting is scheduled for Feb 27, 2026 (or per the stated multi‑year vesting schedules).