Hanover Insurance CEO Roche sells 14,422 shares

Available on EDGAR 11/13/2026 - 07:05 AM EST Accepted by SEC EDGAR 11/13/2026 - 07:04 AM EST

(Neutral)

(Very Negative)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

The Hanover Insurance Group, Inc. (THG) reported that President and CEO John C. Roche exercised options covering 48,052 shares at a $104.11 exercise price and 36,539 shares at $117.22 on November 11, 2026. The company withheld 60,198 shares to satisfy the exercise price and taxes, resulting in a net issuance of 24,393 shares. On November 12, Roche sold 14,422 shares in three transactions at weighted-average prices from $247.9327 to $249.9971. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 8 txns

Insider Roche John C

Role President and CEO

Sold 14,422 shs ($3.60M)

Approx. gross sale proceeds $3.60M

Approx. exercise cost $9.29M

Share of Position Sold 8.7%

Type	Security	Shares	Price	Value
Sale	Common Stock ^{F3, F2}	1,100	$247.9327	$273K
Sale	Common Stock ^{F4, F2}	10,393	$249.3673	$2.59M
Sale	Common Stock ^{F5, F2}	2,929	$249.9971	$732K
Exercise	Common Stock Option (right to buy) ^F6	48,052	$0.00	$0.00
Exercise	Common Stock Option (right to buy) ^F7	36,539	$0.00	$0.00
Exercise	Common Stock ^{F1, F2}	48,052	$104.11	$5.00M
Exercise	Common Stock ^{F1, F2}	36,539	$117.22	$4.28M
Exercise Price or Tax Liability	Common Stock ^{F1, F2}	60,198	$248.53	$14.96M

Holdings After Transaction: Common Stock Option (right to buy) — 0 options (Direct); Common Stock — 151,224.034 shares (Direct)

Holdings Before and After: Common Stock Option (right to buy), 84,591 to 0 options (Direct); Common Stock, 141,253.034 to 151,224.034 shares (Direct)

Other Insiders: 1 other insider reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (7)

F1. The Reporting Person's options were "net exercised". Accordingly, a total of 60,198 shares were withheld by the Company to satisfy the exercise price and taxes associated with the exercise, resulting in a net issuance of 24,393 shares.
F2. Does not include 14,454 shares held by the Reporting Person's spouse.
F3. The price reported in Column 4 is a weighted average price. The shares were sold at multiple prices ranging from $247.585 to $248.545. 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.
F4. The price reported in Column 4 is a weighted average price. The shares were sold at multiple prices ranging from $248.625 to $249.6. 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 $249.625 to $250.340. 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 72,078 shares, vested 1/3 on each of 2/27/19, 2/27/20 and 2/27/21.
F7. The option, representing the right to purchase a total of 36,539 shares, vested 1/3 on each of 3/5/20, 3/5/21 and 3/5/22.

Key Figures

Options exercised: 48,052 shares at $104.11 per share Options exercised: 36,539 shares at $117.22 per share Shares withheld: 60,198 shares +4 more

7 metrics

Options exercised 48,052 shares at $104.11 per share November 11, 2026; exercise price

Options exercised 36,539 shares at $117.22 per share November 11, 2026; exercise price

Shares withheld 60,198 shares Withheld for exercise price and taxes

Net issuance 24,393 shares Result of the net exercise

Shares sold and weighted-average price 1,100 shares at $247.9327 per share November 12, 2026

Shares sold and weighted-average price 10,393 shares at $249.3673 per share November 12, 2026

Shares sold and weighted-average price 2,929 shares at $249.9971 per share November 12, 2026

Key Terms

net exercised, weighted average price, exercise price, vested

4 terms

net exercised financial

"the options were net exercised"

weighted average price financial

"the price reported 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.

exercise price financial

"satisfy the exercise price and taxes"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

vested financial

"the option vested 1/3 on each of the stated dates"

FAQ

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

What prices did THG CEO John C. Roche receive for his stock sales?

John C. Roche sold 1,100 shares at a weighted-average $247.9327 per share, 10,393 at $249.3673, and 2,929 at $249.9971 on November 12, 2026. The respective price ranges were $247.585–$248.545, $248.625–$249.6, and $249.625–$250.340.

How many THG shares did John C. Roche exercise options for, and how were they settled?

Roche exercised options covering 84,591 shares on November 11, 2026. The company withheld 60,198 shares to satisfy the exercise price and taxes, resulting in a net issuance of 24,393 shares. The exercise prices were $104.11 for 48,052 shares and $117.22 for 36,539 shares.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

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^*

Roche John C

(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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/11/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/11/2026		M⁽¹⁾		48,052	A	$104.11	189,305.034⁽²⁾	D
Common Stock	11/11/2026		M⁽¹⁾		36,539	A	$117.22	225,844.034⁽²⁾	D
Common Stock	11/11/2026		F⁽¹⁾		60,198	D	$248.53	165,646.034⁽²⁾	D
Common Stock	11/12/2026		S		1,100	D	$247.9327⁽³⁾	164,546.034⁽²⁾	D
Common Stock	11/12/2026		S		10,393	D	$249.3673⁽⁴⁾	154,153.034⁽²⁾	D
Common Stock	11/12/2026		S		2,929	D	$249.9971⁽⁵⁾	151,224.034⁽²⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock Option (right to buy)	$104.11	11/11/2026		M			48,052	⁽⁶⁾	02/27/2028	Common Stock	48,052	$0	0	D
Common Stock Option (right to buy)	$117.22	11/11/2026		M			36,539	⁽⁷⁾	03/05/2029	Common Stock	36,539	$0	0	D

Explanation of Responses:

1. The Reporting Person's options were "net exercised". Accordingly, a total of 60,198 shares were withheld by the Company to satisfy the exercise price and taxes associated with the exercise, resulting in a net issuance of 24,393 shares.

2. Does not include 14,454 shares held by the Reporting Person's spouse.

3. The price reported in Column 4 is a weighted average price. The shares were sold at multiple prices ranging from $247.585 to $248.545. 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.

4. The price reported in Column 4 is a weighted average price. The shares were sold at multiple prices ranging from $248.625 to $249.6. 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.

5. The price reported in Column 4 is a weighted average price. The shares were sold at multiple prices ranging from $249.625 to $250.340. 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.

6. The option, representing the right to purchase a total of 72,078 shares, vested 1/3 on each of 2/27/19, 2/27/20 and 2/27/21.

7. The option, representing the right to purchase a total of 36,539 shares, vested 1/3 on each of 3/5/20, 3/5/21 and 3/5/22.

	/s/ Lindsay L. Katz pursuant to Confirming Statement	11/13/2026
	** 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)

Source: View Original Filing on SEC EDGAR