Hanover Insurance (THG) EVP exercises options and sells 16,394 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hanover Insurance Group Executive Vice President Salvatore J. Bryan reported an option exercise and matching share sale. He exercised options for 16,394 shares of common stock at $104.11 per share, then sold 16,394 shares in open-market transactions at a weighted average price of $185.76.
The sale price reflected multiple trades between $185.38 and $186.28. Following these transactions, Bryan directly holds 29,069.276 shares of Hanover common stock, indicating his overall share count was effectively unchanged while an option position was fully exercised and eliminated.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 16,394 shares ($3,045,349)
Net Sell
3 txns
Insider
Salvatore Bryan J
Role
Executive Vice President
Sold
16,394 shs ($3.05M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock Option (right to buy) | 16,394 | $0.00 | -- |
| Exercise | Common Stock | 16,394 | $104.11 | $1.71M |
| Sale | Common Stock | 16,394 | $185.76 | $3.05M |
Holdings After Transaction:
Common Stock Option (right to buy) — 0 shares (Direct, null);
Common Stock — 45,463.276 shares (Direct, null)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. The shares were sold at multiple prices ranging from $185.38 to $186.28. 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. The option, representing the right to purchase a total of 16,394 shares, vested 1/3 on each of 2/27/2019, 2/27/2020 and 2/27/2021.
Key Figures
Shares sold: 16,394 shares
Sale price: $185.76/share
Sale price range: $185.38–$186.28/share
+4 more
7 metrics
Shares sold
16,394 shares
Open-market sale of common stock
Sale price
$185.76/share
Weighted average sale price for common stock
Sale price range
$185.38–$186.28/share
Range of individual trade prices
Options exercised
16,394 shares
Common Stock Option (right to buy) exercised
Option exercise price
$104.11/share
Exercise price for common stock option
Post-transaction holdings
29,069.276 shares
Direct Hanover common stock owned after transactions
Option expiration
February 27, 2028
Original expiration date of exercised option grant
Key Terms
weighted average price, Common Stock Option (right to buy), derivative security, Executive Vice President
4 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Common Stock Option (right to buy) financial
"security_title: Common Stock Option (right to buy)"
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Executive Vice President financial
"officer_title: Executive Vice President"
An executive vice president is a high-ranking leader within a company who oversees major parts of its operations or strategies. Think of them as senior managers responsible for important areas, similar to a vice principal in a school hierarchy. Their role matters to investors because they help guide the company's success and decision-making at the top level.
FAQ
What did Hanover Insurance (THG) executive Salvatore J. Bryan do in this Form 4?
Salvatore J. Bryan exercised stock options for 16,394 Hanover Insurance shares and sold 16,394 shares in open-market trades. The transactions converted options into stock and then into cash while leaving his direct share ownership at 29,069.276 shares.
What options did Salvatore J. Bryan exercise in Hanover Insurance (THG)?
Bryan exercised a common stock option for 16,394 Hanover Insurance shares at a $104.11 exercise price. The option originally covered 16,394 shares and had vested in one-third increments on February 27, 2019, 2020, and 2021 before this full exercise.