RAMRATH JOSEPH R 4
Research Summary
AI-generated summary
Hanover (THG) Director Joseph R. Ramrath Receives RSU Award
What Happened
Joseph R. Ramrath, a director of Hanover Insurance Group, was granted 3.767 restricted stock units (RSUs) on 2026-06-26. The units were reported at a $0.00 acquisition price (grant of award, code A) — these represent awarded RSUs/dividend equivalents, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-26; filing date (Form 4): 2026-06-30.
- Transaction type/code: Grant/Award (A). Reported acquisition price: $0.00; total cash value at grant not reported.
- Shares received: 3.767 RSUs (granted as dividend equivalent rights tied to previously granted RSUs).
- Vesting: Per footnote, these units vest on the earlier of the one-year anniversary of the original RSU grant or at the next annual meeting.
- Shares owned after transaction: Not specified in the filing.
- Filing timeliness: The Form 4 was filed four days after the transaction date; typical Form 4 deadline is two business days, so investors may wish to check for any lateness disclosure.
Context
RSU grants are compensation awards that convert to shares only after vesting; they are not immediate purchases or sales and do not by themselves indicate the insider is buying additional stock on-market. These units were granted as dividend equivalents on earlier RSUs per the issuer’s 2022 LTIP.