HANOVER INSURANCE GROUP, INC.·4

Mar 2, 6:45 PM ET

Roche John C 4

Research Summary

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Hanover (THG) CEO John Roche Forfeits 14,220 Shares for Taxes

What Happened
John C. Roche, President, CEO and a director of Hanover Insurance Group (THG), had 14,220 shares forfeited to cover withholding taxes when restricted stock units (RSUs) vested on February 27, 2026. The filing reports the forfeited shares were valued at $180.63 each, totaling $2,568,559. This was a tax-withholding disposition tied to RSU vesting (routine), not an open-market sale.

Key Details

  • Transaction date: February 27, 2026; filing date: March 2, 2026 (timely filing).
  • Reported disposition: 14,220 shares @ $180.63 per share = $2,568,559 (code F — tax withholding).
  • Shares owned after the transaction: not specified in the provided filing.
  • Footnotes: F1 — shares were forfeited to pay withholding taxes on RSUs that vested on 2/27/2026; fractional shares were rounded up. F2 — reporting person’s spouse holds 14,454 shares (separate).
  • This is a withholding/forfeiture to satisfy tax obligations, not a market sale indicating trading intent.

Context

  • This was a tax-withholding action tied to RSU vesting (common practice): the company retained/forfeited shares to cover tax liabilities rather than the insider selling shares on the open market.
  • Such withholding transactions are administrative and should not be read as a directional buy/sell signal about the insider’s view of the company.