John C. Roche - Feb 24, 2023 Form 4 Insider Report for HANOVER INSURANCE GROUP, INC. (THG)

Role
President and CEO, Director
Signature
/s/ Walter H. Stowell pursuant to Confirming Statement
Stock symbol
THG
Transactions as of
Feb 24, 2023
Transactions value $
-$209,941
Form type
4
Date filed
2/27/2023, 03:38 PM
Previous filing
Jan 4, 2023
Next filing
Mar 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THG Common Stock Options Exercise $254K +6.34K +8.42% $40.01 81.5K Feb 24, 2023 Direct F1, F2
transaction THG Common Stock Tax liability -$463K -3.33K -4.08% $139.34 78.2K Feb 24, 2023 Direct F1, 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 -6.34K -100% $0.00* 0 Feb 24, 2023 Common Stock 6.34K $40.01 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the terms of his 2/26/13 Option Agreement (the "Agreement"), in-the-money options held by Mr. Roche immediately prior to expiration of the option are automatically "net exercised". Accordingly, per the terms of the Agreement such options were "net exercised" on 2/24/23. To that end a total of 3,326 shares were withheld by the Company to satisfy the exercise price and taxes associated with the exercise, resulting in a net issuance of 3,010 shares to, and held by, Mr. Roche.
F2 Does not include 7,652 shares held indirectly by the Reporting Person's spouse.
F3 The option vested 1/3 on each of 02/26/14, 02/26/15 and 02/26/16.