LANE KATHY S 4
Research Summary
AI-generated summary
Hanover (THG) Director Kathy S. Lane Receives Restricted Stock Award
What Happened
- Kathy S. Lane, a director of Hanover Insurance Group, was granted 843 restricted stock units (RSUs) on May 12, 2026. The reported grant price is $0.00 (award code A); the Form 4 reports the award but does not state a cash value. This is an equity award (compensation), not a purchase or sale.
Key Details
- Transaction date: 2026-05-12; filing date: 2026-05-13 (filed the next day).
- Grant: 843 RSUs at $0.00 per unit (award).
- Shares owned after transaction: the Form 4 does not list a total beneficial ownership amount after the grant. It does note 4,829 shares are held indirectly in a Rabbi Trust per deferral agreements (see below).
- Footnotes: F1 — RSUs granted under the 2022 Long‑Term Incentive Plan; they vest on the earlier of the one‑year anniversary of grant or the next annual meeting. The reporting person has elected to defer the award upon vesting under a deferral agreement. F2 — The filing excludes 4,829 shares held indirectly in a Rabbi Trust pursuant to deferral agreements.
- Timeliness: Filing appears timely (reported the day after the grant).
Context
- RSUs are a form of compensation that convert to shares when they vest; they are not an immediate cash purchase or sale and therefore are not direct indicators of a trading view. In this case, the director has elected to defer receipt upon vesting, and some shares are already held indirectly in a Rabbi Trust.