Richard W. Lavey - 29 Aug 2024 Form 4 Insider Report for HANOVER INSURANCE GROUP, INC. (THG)

Role
Executive Vice President
Signature
/s/ Lindsay L. Katz pursuant to Confirming Statement
Issuer symbol
THG
Transactions as of
29 Aug 2024
Net transactions value
-$924,150
Form type
4
Filing time
03 Sep 2024, 06:44:10 UTC
Previous filing
01 Jul 2024
Next filing
30 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THG Common Stock Options Exercise $560,074 +8,468 +23% $66.14 44,749 29 Aug 2024 Direct F1
transaction THG Common Stock Sale $1,219,477 -8,468 -19% $144.01 36,281 29 Aug 2024 Direct F1, F2
transaction THG Common Stock Options Exercise $222,098 +3,358 +9.3% $66.14 39,639 30 Aug 2024 Direct F1
transaction THG Common Stock Sale $281,931 -1,950 -4.9% $144.58 37,689 30 Aug 2024 Direct F1, F3
transaction THG Common Stock Sale $180,745 -1,243 -3.3% $145.41 36,446 30 Aug 2024 Direct F1, F4
transaction THG Common Stock Sale $24,169 -165 -0.45% $146.48 36,281 30 Aug 2024 Direct F1, F5

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 -8,468 -72% $0.000000 3,358 29 Aug 2024 Common Stock 8,468 $66.14 Direct F1, F6
transaction THG Common Stock Option (right to buy) Options Exercise $0 -3,358 -100% $0.000000 0 30 Aug 2024 Common Stock 3,358 $66.14 Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Exercise of options scheduled to expire in February 2025 and resulting sale of shares reported were effected pursuant to a pre-established Rule 10b5-1 Trading Plan.
F2 The price reported in Column 4 is a weighted average price. The shares were sold at multiple prices ranging from $144 to $144.05. The Reporting Person undertakes to provide The Hanover Insurance Group, Inc. ("THG"), any security holder of THG, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F3 The price reported in Column 4 is a weighted average price. The shares were sold at multiple prices ranging from $144.02 to $144.87. The Reporting Person undertakes to provide THG, any security holder of THG, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F4 The price reported in Column 4 is a weighted average price. The shares were sold at multiple prices ranging from $145.09 to $145.65. The Reporting Person undertakes to provide THG, any security holder of THG, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F5 The price reported in Column 4 is a weighted average price. The shares were sold at multiple prices ranging from $146.18 to $146.82. The Reporting Person undertakes to provide THG, any security holder of THG, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F6 The option, representing the right to purchase a total of 17,738 shares, vested 1/3 on each of 2/27/16, 2/27/17 and 2/27/18.