Jeffrey M. Farber - Mar 18, 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
Mar 18, 2022
Transactions value $
-$3,109,604
Form type
4
Date filed
3/21/2022, 04:18 PM
Previous filing
Mar 9, 2022
Next filing
Mar 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THG Common Stock Options Exercise $3.56M +50.5K +116.75% $70.51 93.7K Mar 18, 2022 Direct F1
transaction THG Common Stock Tax liability -$5.23M -36K -38.44% $145.25 57.7K Mar 18, 2022 Direct F1
transaction THG Common Stock Options Exercise $4.69M +54.6K +94.64% $85.87 112K Mar 18, 2022 Direct F2
transaction THG Common Stock Tax liability -$6.12M -42.2K -37.56% $145.25 70.1K Mar 18, 2022 Direct F2

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) Options Exercise $0 -50.5K -100% $0.00* 0 Mar 18, 2022 Common Stock 50.5K $70.51 Direct F1, F3
transaction THG Common Stock Option (right to buy) Options Exercise $0 -54.6K -100% $0.00* 0 Mar 18, 2022 Common stock 54.6K $85.87 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Farber "net exercised" 50,453 options effected pursuant to a pre-established Rule 10b5-1 Trading Plan. The options were granted to Mr. Farber in 2016, and were scheduled to expire ten years after issuance. A total of 36,006 shares were withheld by the Company to satisfy the exercise price and taxes associated with the exercise, resulting in a net issuance of 14,447 shares to, and held by, Mr. Farber.
F2 Mr. Farber "net exercised" 54,569, options effected pursuant to a pre-established Rule 10b5-1 Trading Plan. The options were granted to Mr. Farber in 2017, and were scheduled to expire ten years after issuance. A total of 42,155 shares were withheld by the Company to satisfy the exercise price and taxes associated with the exercise, resulting in a net issuance of 12,414 shares to, and held by, Mr. Farber.
F3 The option, representing the right to purchase a total of 50,453 shares, vested 1/3 on each of 10/03/17, 10/03/18 and 10/03/19.
F4 The option, representing the right to purchase a total of 54,569 shares, vested 1/3 on each of 02/24/18, 02/24/19 and 02/24/20.