Kerrigan Dennis Francis 4
Research Summary
AI-generated summary
Hanover (THG) EVP Dennis Kerrigan Receives RSU Award
What Happened
- Dennis Francis Kerrigan, Executive Vice President of Hanover Insurance Group (THG), was granted 18.998 restricted stock units (RSUs) on 2026-03-27. The reported acquisition price is $0.00, so no cash was paid; the grant value is not stated in the filing.
- This transaction is an award (not a market purchase or sale) and reflects issuance of RSUs rather than an open-market trade.
Key Details
- Transaction date: 2026-03-27. Report filed: 2026-03-31.
- Shares/units granted: 18.998 RSUs; reported price per share: $0.00 (award).
- Shares owned after transaction: not specified in the provided filing details.
- Footnote: These RSUs were granted under the Issuer’s 2022 Long‑Term Incentive Plan as accruals of dividend equivalent rights associated with previously granted RSUs. They will vest on the third anniversary of the original underlying RSU grant.
- Filing timeliness: transaction reported four days after the event (check the full SEC filing for any timeliness notation).
Context
- RSU awards (code A) are compensation, not purchases or sales; they typically convert to shares (and may trigger tax withholding) only upon vesting. Because these are dividend-equivalent RSUs tied to earlier awards, they follow the original grant’s vesting schedule rather than creating new immediate ownership.
- Such grants are routine executive compensation and do not, by themselves, indicate the insider’s current trading sentiment.