LOVELY DAVID JOHN 4
Research Summary
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Hanover (THG) EVP David Lovely Forfeits 1,068 Shares for Taxes
What Happened David John Lovely, Executive Vice President of Hanover Insurance Group (THG), had 1,068 shares withheld/forfeited to satisfy tax withholding obligations tied to the vesting of restricted stock units. The shares were valued at $180.63 each, for a total of approximately $192,913. This transaction is a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date and price: February 27, 2026 — 1,068 shares disposed at $180.63 per share (total ≈ $192,913).
- Shares owned after transaction: Not specified in this Form 4 filing.
- Footnote: Shares were forfeited to pay withholding taxes on RSUs that vested on Feb 27, 2026; fractional shares were rounded up to the next whole share per the award terms.
- Timeliness: Form filed March 2, 2026. This filing appears timely (no late-filing flag).
Context This was a routine tax-withholding arrangement on vested restricted stock units — common practice when equity awards vest. Such withholdings are administrative and do not necessarily reflect the insider’s view of the company’s stock.