John C. Roche - 28 Feb 2022 Form 4 Insider Report for HANOVER INSURANCE GROUP, INC. (THG)

Role
President and CEO, Director
Signature
/s/ Matthew R. Frascella pursuant to Confirming Statement
Issuer symbol
THG
Transactions as of
28 Feb 2022
Net transactions value
$0
Form type
4
Filing time
02 Mar 2022, 15:05:06 UTC
Previous filing
04 Jan 2022
Next filing
09 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THG Common Stock Award $0 +8,685 +14% $0.000000 70,338 28 Feb 2022 Direct F1
transaction THG Common Stock Award $0 +4,865 +6.9% $0.000000 75,203 28 Feb 2022 Direct F2
transaction THG Common Stock Award $0 +7,097 +9.4% $0.000000 82,300 28 Feb 2022 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction THG Common Stock Option (right to buy) Award $0 +34,689 $0.000000 34,689 28 Feb 2022 Common Stock 34,689 $139.51 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 5, 2019, the Reporting Person was granted 5,446 (target) performance-based restricted stock units ("PBRSUs") pursuant to the Issuer's 2014 Long-Term Incentive Plan. These PBRSUs were subject to a performance-based vesting condition related to three-year average adjusted return on equity and a time-based vesting condition and also provided for the accumulation of dividend equivalent rights. On February 28, 2022, the performance condition for this award was certified at 146.4% of the target award (as adjusted for accumulated dividend equivalent rights) for the number of shares indicated. This award remains subject to the time-based vesting condition and is scheduled to vest on March 7, 2022.
F2 On March 5, 2019, the Reporting Person was granted 4,872 (target) PBRSUs pursuant to the Issuer's 2014 Long-Term Incentive Plan. These PBRSUs were subject to a performance-based vesting condition related to three-year relative total shareholder return and a time-based vesting condition and also provided for the accumulation of dividend equivalent rights. On February 28, 2022, the performance condition for this award was certified at 91.67% of the target award (as adjusted for accumulated dividend equivalent rights) for the number of shares indicated. This award remains subject to the time-based vesting condition and is scheduled to vest on March 7, 2022.
F3 Grant of restricted stock units under the Issuer's 2014 Long-Term Incentive Plan. Such units vest on the third anniversary of the date of grant.
F4 Such options vest as to one-third of the shares on each of the first three anniversaries of the grant date.