Lee Willard T 4
Research Summary
AI-generated summary
Hanover (THG) EVP Willard Receives 13.522 RSU Award
What Happened
- Lee Willard T, Executive Vice President of Hanover Insurance Group, received an award of 13.522 restricted stock units (RSUs) on March 27, 2026. The grant is reported with a $0 acquisition price (transaction code A — award/grant).
- This award represents accrued dividend equivalent rights associated with previously granted RSUs; the new RSUs vest on the third anniversary of the original underlying RSU grant. Because this is an award (not a cash purchase or sale), it does not represent an immediate market buy or sell.
Key Details
- Transaction date: 2026-03-27; Filing date: 2026-03-31 (filed timely within required Form 4 window).
- Shares/units acquired: 13.522 RSUs at $0.00 reported acquisition price.
- Shares owned after transaction: not disclosed in the provided filing summary.
- Footnote: RSUs granted under the Issuer’s 2022 Long‑Term Incentive Plan as dividend equivalent accruals; vest on the third anniversary of the original RSU grant.
- Transaction code: A = Award/Grant.
Context
- RSU grants are standard long-term compensation for executives; they convert to actual shares only upon vesting and may be subject to tax withholding at that time. Such awards are routine and do not by themselves signal an insider buying or selling stance.