Hanover Insurance (NYSE: THG) EVP uses shares to cover vesting taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hanover Insurance Group Executive Vice President Dennis Francis Kerrigan reported a tax-related share disposition connected to vesting equity awards. On the vesting of previously granted restricted stock units, 1,751 shares of common stock were forfeited at $180.63 per share to cover withholding taxes, a non‑market transaction. After this withholding, Kerrigan directly holds about 11,968.723 Hanover common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kerrigan Dennis Francis
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,751 | $180.63 | $316K |
Holdings After Transaction:
Common Stock — 11,968.723 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did THG executive Dennis Kerrigan report?
Dennis Kerrigan reported a tax-related disposition of Hanover Insurance Group common stock. 1,751 shares were forfeited to cover withholding taxes upon vesting of restricted stock units, rather than being sold on the open market, and the awards had been previously granted.
What does transaction code F mean on this THG Form 4?
Transaction code F indicates payment of exercise price or tax liability by delivering securities. In this THG filing, it reflects shares forfeited to cover withholding taxes on vested restricted stock units, rather than a voluntary purchase or sale in the open market.