Boardroom Alpha
Start trial
10-Q primary document
THG · Quarterly Report (Form 10-Q) · Filed July 31, 2025

Hanover Insurance Group Inc — 10-Q exhibit

thg-ex10_1.htm
Hanover Insurance Group Inc on Boardroom Alpha
EX-10.1

 

Exhibit 10.1

The Hanover Insurance Group, Inc.

Compensation for Non-Employee Directors

— For the annual service period beginning on the date of the Annual Meeting of Shareholders —

Standard Fees

Description

Annual Director Retainer

 

- Stock Component

- $160,000 valuation

 

- Issued pursuant to the Company’s 2022 Long-Term Incentive Plan (the “2022 Plan”)

- Cash Component

- $105,000

 

 

Committee Chair Annual Retainer (amount includes Committee Annual Retainer)

- $25,000 for the Chair of the Nominating and Corporate Governance Committee

 

- $30,000 for the Chair of the Compensation and Human Capital Committee

 

- $36,000 for the Chair of the Audit Committee

 

 

Chair of the Board Retainer

- $135,000

 

Committee Annual Retainer

- $10,000 for each member of the Nominating and Corporate Governance Committee (excluding the Committee Chair)

 

- $11,000 for each member of the Compensation and Human Capital Committee (excluding the Committee Chair)

 

- $15,000 for each member of the Audit Committee (excluding the Committee Chair)

 

 

Deferred Compensation Plan

- Directors may defer receipt of their cash and stock compensation (including any cash compensation that is converted into stock under the Conversion Program). Deferred cash amounts are accrued in a memorandum account that is credited with interest derived from the so-called General Agreement on Tariffs and Trade (GATT) Rate (4.54% for 2025). All deferrals are pursuant to The Hanover Insurance Group, Inc. Non-Employee Director Deferral Plan

 

Conversion Program

- At the election of each director, cash retainers may be converted into Common Stock of the Company with such stock issued pursuant to the 2022 Plan

 

 

Reimbursable Expenses

- Travel and related expenses incurred in connection with service on the Board of Directors and its Committees

 

Matching Charitable Contributions

- Company will provide matching contributions to qualified charitable organizations up to $5,000 per director per year

 

 

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by Boardroom Alpha that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.

Full disclaimer