Hanover EVP exercises options, sells 16,394 shares

Hanover Insurance Group Executive Vice President Salvatore J. Bryan reported an option exercise and matching share sale.

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.

Insider Trade Summary

Exercise and Sale: 16,394 shares ($1.34M approx. pre-tax spread)

Exercise and Sale 3 txns

Insider Salvatore Bryan J

Role Executive Vice President

Sold 16,394 shs ($3.05M)

Approx. gross sale proceeds $3.05M

Approx. exercise cost $1.71M

Approx. pre-tax spread $1.34M

Type	Security	Shares	Price	Value
Exercise	Common Stock Option (right to buy)	16,394	$0.00	$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 contracts (Direct); Common Stock — 29,069.276 shares (Direct)

Footnotes (2)

1. F1. 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.
2. F2. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

How many Hanover Insurance (THG) shares did Salvatore J. Bryan sell and at what price?

He sold 16,394 Hanover Insurance common shares in open-market transactions at a weighted average price of $185.76 per share. A footnote states the trades occurred in a price range from $185.38 to $186.28 across multiple individual executions.

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.

How many Hanover Insurance (THG) shares does Salvatore J. Bryan own after these transactions?

After the option exercise and matching share sale, Salvatore J. Bryan directly owns 29,069.276 Hanover Insurance common shares. That post-transaction figure suggests his net common share ownership remained roughly the same while an outstanding option position was removed.

Were the Hanover Insurance (THG) share sales by Salvatore J. Bryan a single trade or multiple trades?

The reported sale represents multiple trades aggregated as a weighted average price. A footnote explains shares were sold at individual prices between $185.38 and $186.28 and that detailed breakdowns are available on request from the company or the SEC staff.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/04/2026 - 04:11 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Salvatore Bryan J

(Last) (First) (Middle)

C/O THE HANOVER INSURANCE GROUP, INC.

440 LINCOLN STREET

(Street)

WORCESTER MASSACHUSETTS 01653

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
HANOVER INSURANCE GROUP, INC. [ THG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/03/2026		M		16,394	A	$104.11	45,463.276	D
Common Stock	06/03/2026		S		16,394	D	$185.76(1)	29,069.276	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Stock Option (right to buy)	$104.11	06/03/2026		M			16,394	(2)	02/27/2028	Common Stock	16,394	$0	0	D

Explanation of Responses:

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.

2. 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.

	/s/ Lindsay L. Katz pursuant to Confirming Statement	06/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)