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HANOVER INSURANCE GROUP, INC.·4

Feb 26, 4:48 PM ET

FARBER JEFFREY M 4

Research Summary

AI-generated summary

Updated

Hanover (THG) EVP Jeffrey Farber Receives Equity Awards

What Happened

  • Jeffrey M. Farber, Executive Vice President of Hanover Insurance Group (THG), was granted/acquired a total of 25,754 equity units on Feb 24, 2026. The filing shows three restricted/ performance-based restricted stock unit (RSU/PBRSU) awards of 5,043; 3,250; and 3,025 units, plus a 14,436-unit derivative award. All items were reported as acquisitions at a $0 per-share price (i.e., awards/grants rather than market purchases).

Key Details

  • Transaction date reported: February 24, 2026; Form 4 filed Feb 26, 2026 (within the typical 2-business-day reporting window).
  • Awards reported (total = 25,754 units): 5,043; 3,250; 3,025; and 14,436 units — all recorded as grants/acquisitions at $0.00.
  • Shares owned after transaction: not specified in the provided excerpt of the filing.
  • Footnotes of note:
    • F1: The 5,043 units are PBRSUs granted Feb 27, 2023 tied to a three‑year adjusted ROE metric; the performance result was certified at 150% on Feb 24, 2026. These remain subject to time‑based vesting and will vest Feb 27, 2026.
    • F2: The 3,250 units are PBRSUs granted Feb 27, 2023 tied to three‑year relative TSR; performance certified at 100% on Feb 24, 2026 and will vest Feb 27, 2026 (time‑based vesting remains).
    • F3: The 3,025 units are restricted stock units that vest on the third anniversary of the grant.
    • F4: The 14,436 derivative units relate to option-style awards that vest one‑third on each of the first three anniversaries of the grant date.
  • No 10b5‑1 trading plan, tax‑withholding sale, or late‑filing indication appears in the provided details.

Context

  • These are grants/awards (not open‑market purchases or sales). Performance‑based RSUs (PBRSUs) had their performance results certified on Feb 24, 2026 — one PBRSU payout was increased to 150% of target and another certified at 100% of target; both remain subject to the final time vesting date (Feb 27, 2026).
  • The derivative line refers to option-like awards that vest over time (per footnote); the filing does not indicate any immediate sale of vested shares or cashless exercise.
  • For retail investors: awards are routine executive compensation and do not necessarily signal an immediate bullish or bearish view by the insider. They do, however, increase the insider’s future stake if they vest and are not sold.