Kerrigan Dennis Francis 4
Research Summary
AI-generated summary
Hanover (THG) EVP Dennis Kerrigan Receives RSU Award
What Happened
- Dennis Kerrigan, Executive Vice President of Hanover Insurance Group (THG), was granted 15.22 restricted stock units (RSUs) on 2026-06-26. The RSUs were issued at a $0.00 purchase price (award/grant), so no cash was exchanged and reported value at grant is $0.
- This grant represents dividend-equivalent RSUs tied to previously awarded RSUs (see footnote). Awards are not sales or purchases of existing shares.
Key Details
- Transaction date: 2026-06-26; Filing date: 2026-06-30 (filed within required reporting window).
- Security: Restricted Stock Units (RSUs); Amount: 15.22 RSUs; Price: $0.00 (award).
- Shares owned after transaction: Not specified in the filing.
- Footnote: RSUs granted as dividend equivalents under the 2022 Long-Term Incentive Plan; these RSUs will vest on the third anniversary of the original underlying RSU grant and are subject to the plan’s terms (forfeiture/vesting conditions).
- Filing appears timely (filed within two business days of the transaction).
Context
- RSU grants are a compensation award, not an open-market purchase or sale; they generally vest over time and may be forfeited if employment ends before vesting. Dividend-equivalent RSUs increase holdings tied to earlier awards but do not indicate immediate insider buying or selling.