SEC Form 4 · accession 0000944695-18-000036
HANOVER INSURANCE GROUP, INC. · THG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Joseph Welzenbach
Officer — Executive Vice President
Period of report
Feb 27, 2018
Accepted (ET)
Mar 1, 2018 · 4:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000944695
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 27, 2018 | A | 1,928 | $0.00 | A | 26,449 | D | |
| Common Stock | Feb 27, 2018 | F | 1,036 | $110.57 | D | 25,413 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Option (right to buy)F3 | $110.57 | Feb 27, 2018 | A | 14,655 | A | — | Feb 27, 2028 | Common Stock | 14,655 | 14,655 | D |
Explanation of responses
- F1On February 27, 2015, the Reporting Person was granted 1,500 (target) performance-based restricted stock units ("PBRSUs") pursuant to the Issuer's 2014 Long-Term Incentive Plan. The PBRSUs were subject to both performance-based and time-based vesting conditions. On February 27, 2018, the time-based condition was met and the performance condition was certified at 128.57% of the target award, vesting the PBRSUs and converting the PBRSU into the number of shares indicated on this Form 4.
- F2Represents shares that were forfeited to pay withholding taxes upon the vesting of restricted stock units that were previously granted by the Issuer.
- F3Such options vest as to one-third of the shares on each of the first three anniversaries of the grant date.