Hanover Insurance (THG) EVP sells 8,655 shares under 10b5-1 plan
Rhea-AI Filing Summary
HANOVER INSURANCE GROUP, INC. (THG) reported insider equity transactions by Executive Vice President Dennis Francis Kerrigan. On August 19–20, 2026, he exercised options to acquire a total of 8,655 shares of THG common stock at an exercise price of $118.54 per share, from an option that vested in three equal installments on February 28, 2021, 2022 and 2023. The 8,655 shares acquired upon exercise were then sold in open-market transactions on those dates at weighted-average prices around $220–$223 per share under a pre-established Rule 10b5-1 Trading Plan adopted on May 21, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 8,655 shares ($888K approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
Kerrigan Dennis Francis
Role
Executive Vice President
Sold
8,655 shs ($1.91M)
Approx. gross sale proceeds
$1.91M
Approx. exercise cost
$1.03M
Approx. pre-tax spread
$888K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock Option (right to buy) F7 | 2,104 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 2,104 | $118.54 | $249K |
| Sale | Common Stock F1, F5 | 400 | $220.01 | $88K |
| Sale | Common Stock F1, F6 | 1,704 | $222.97 | $380K |
| Exercise | Common Stock Option (right to buy) F7 | 6,551 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 6,551 | $118.54 | $777K |
| Sale | Common Stock F1, F2 | 4,822 | $220.41 | $1.06M |
| Sale | Common Stock F1, F3 | 1,505 | $221.73 | $334K |
| Sale | Common Stock F1, F4 | 224 | $222.77 | $50K |
Holdings After Transaction:
Common Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 12,002.941 shares (Direct)
Footnotes (7)
- F1. Pursuant to a pre-established Rule 10b5-1 Trading Plan, adopted on May 21, 2026, the Reporting Person's options were exercised and sold.
- F2. The price reported in Column 4 is a weighted average price. The shares were sold at multiple prices ranging from $220.00 to $220.95. 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 $221.19 to $221.99. 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 $222.76 to $222.97. 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 $220.00 to $220.02. 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 price reported in Column 4 is a weighted average price. The shares were sold at multiple prices ranging from $222.41 to $223.41. 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.
- F7. The option, representing the right to purchase a total of 8,655 shares, vested 1/3 on each of 2/28/21, 2/28/22 and 2/28/23.
Key Figures
Shares underlying option exercised: 8,655 shares
Option exercise price: $118.54 per share
Shares sold August 19, 2026: 6,551 + 4,822 + 1,505 + 224 shares
+5 more
8 metrics
Shares underlying option exercised
8,655 shares
Total shares subject to option exercised on August 19–20, 2026
Option exercise price
$118.54 per share
Conversion or exercise price for THG common stock options exercised
Shares sold August 19, 2026
6,551 + 4,822 + 1,505 + 224 shares
Tranches of THG common stock sold following exercises on August 19, 2026
Weighted average sale price tranche
$220.41 per share
One August 19, 2026 sale tranche; weighted average over $220.00–$220.95
Weighted average sale price tranche
$221.73 per share
One August 19, 2026 sale tranche; weighted average over $221.19–$221.99
Weighted average sale price tranche
$222.77 per share
One August 19, 2026 sale tranche; weighted average over $222.76–$222.97
Weighted average sale price tranche
$220.01 per share
One August 20, 2026 sale tranche; weighted average over $220.00–$220.02
Weighted average sale price tranche
$222.97 per share
One August 20, 2026 sale tranche; weighted average over $222.41–$223.41
Key Terms
Rule 10b5-1 Trading Plan, weighted average price, Common Stock Option (right to buy), Exercise or conversion of derivative security, +1 more
5 terms
Rule 10b5-1 Trading Plan regulatory
"Pursuant to a pre-established Rule 10b5-1 Trading Plan, adopted on May 21"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
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)"
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security"
open market or private transaction financial
"transaction_code_description": "Sale in open market or private transaction"
FAQ
What insider transactions did THG Executive Vice President Dennis Francis Kerrigan report?
Dennis Francis Kerrigan exercised options to acquire 8,655 shares of HANOVER INSURANCE GROUP, INC. (THG) common stock at an exercise price of $118.54 per share, then sold the 8,655 shares in open-market transactions on August 19–20, 2026 under a Rule 10b5-1 plan.
Was the THG insider trading activity conducted under a Rule 10b5-1 plan?
Yes. A footnote states that the options were exercised and sold pursuant to a pre-established Rule 10b5-1 Trading Plan adopted on May 21, 2026. The filing’s Rule 10b5-1 checkbox is also marked as affirmed for these transactions.
What is the size and vesting schedule of the THG option exercised in this Form 4?
The option represented the right to purchase a total of 8,655 shares of THG common stock. According to a footnote, it vested in three equal installments of 1/3 each on February 28, 2021, February 28, 2022 and February 28, 2023.
On which dates did the THG insider option exercises and sales occur?
The Form 4 reports option exercises and related sales on August 19, 2026 and August 20, 2026. On each date, options at $118.54 per share were exercised into THG common stock and the resulting shares were sold in open-market transactions.
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