Mark Joseph Welzenbach - Feb 28, 2022 Form 4 Insider Report for HANOVER INSURANCE GROUP, INC. (THG)

Role
Executive Vice President
Signature
/s/ Matthew R. Frascella pursuant to Confirming Statement
Stock symbol
THG
Transactions as of
Feb 28, 2022
Transactions value $
$0
Form type
4
Date filed
3/2/2022, 03:03 PM
Previous filing
Feb 8, 2022
Next filing
Mar 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THG Common Stock Award $0 +1.67K +8.34% $0.00 21.7K Feb 28, 2022 Direct F1
transaction THG Common Stock Award $0 +936 +4.31% $0.00 22.7K Feb 28, 2022 Direct F2
transaction THG Common Stock Award $0 +896 +3.96% $0.00 23.5K Feb 28, 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 +4.38K $0.00 4.38K Feb 28, 2022 Common Stock 4.38K $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 1,048 (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 937 (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.