Salvatore Bryan J 4
Research Summary
AI-generated summary
Hanover (THG) EVP Bryan J. Salvatore Receives RSU Award
What Happened
- Bryan J. Salvatore, Executive Vice President of Hanover Insurance Group, received an award of 30.677 restricted stock units (RSUs) on March 27, 2026. The reported acquisition price is $0.00 and the filing lists the transaction type as an award/grant (code A).
- This grant stems from dividend equivalent rights tied to previously granted RSUs; no cash changed hands and the RSUs vest on the third anniversary of the original underlying RSU grant.
Key Details
- Transaction date: 2026-03-27; Filing date: 2026-03-31 (timely filing).
- Transaction type/code: Award/Grant (A).
- Shares acquired: 30.677 RSUs; Reported price: $0.00; Reported cash value: $0.
- Shares owned after transaction: Not specified in the provided Form 4 excerpt.
- Footnote: These RSUs were granted under the Issuer’s 2022 Long-Term Incentive Plan as dividend equivalents on earlier RSUs and will vest on the third anniversary of the original RSU grant.
- No 10b5-1 plan, tax-withholding sale, or late filing is indicated in the excerpt.
Context
- RSUs are a form of compensation that convert into shares (or cash equivalent) only after vesting; this award does not represent an immediate market purchase or sale.
- Dividend-equivalent RSUs are routinely granted to reflect dividends that would have accrued on the original awards and are generally administrative in nature rather than a direct signal of insider market timing.