Hanover Insurance (NYSE: THG) EVP sells 6,262 shares after option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HANOVER INSURANCE GROUP Executive Vice President Dennis Francis Kerrigan executed an exercise-and-sell stock transaction. He exercised options to acquire 6,262 shares of Common Stock at $115.35 per share and, on the same date, sold 6,262 shares in an open-market sale at $192.99 per share.
Following these transactions, Kerrigan directly owns 11,987.721 shares of Hanover Insurance Group common stock. The exercised option covered 6,262 shares and is now fully used, with no remaining balance from that grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,262 shares ($1,208,503)
Net Sell
3 txns
Insider
Kerrigan Dennis Francis
Role
Executive Vice President
Sold
6,262 shs ($1.21M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock Option (right to buy) | 6,262 | $0.00 | -- |
| Exercise | Common Stock | 6,262 | $115.35 | $722K |
| Sale | Common Stock | 6,262 | $192.99 | $1.21M |
Holdings After Transaction:
Common Stock Option (right to buy) — 0 shares (Direct, null);
Common Stock — 18,249.721 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 6,262 shares
Sale price: $192.99 per share
Shares exercised: 6,262 shares
+3 more
6 metrics
Shares sold
6,262 shares
Common Stock sold in open-market transaction on 2026-05-20
Sale price
$192.99 per share
Price for open-market sale of 6,262 Common Stock shares
Shares exercised
6,262 shares
Common Stock acquired via option exercise on 2026-05-20
Exercise price
$115.35 per share
Stock option exercise price for 6,262 underlying shares
Post-transaction holdings
11,987.721 shares
Common Stock directly owned after transactions
Option expiration
February 26, 2031
Original expiration date for exercised option grant
Key Terms
open-market sale, Common Stock Option (right to buy), derivative security, Executive Vice President, +1 more
5 terms
open-market sale financial
"Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock Option (right to buy) financial
"Common Stock Option (right to buy) with underlying shares"
derivative security financial
"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
"Dennis Francis Kerrigan serves as 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.
Form 4 regulatory
"His equity transactions are reportable on Form 4"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did THG Executive Vice President Dennis Francis Kerrigan report?
Dennis Francis Kerrigan reported an exercise-and-sell transaction involving Hanover Insurance Group common stock. He exercised options for 6,262 shares and sold 6,262 shares in an open-market sale on the same date.
What option exercise did Dennis Francis Kerrigan complete in this THG Form 4?
He exercised stock options covering 6,262 underlying shares of Hanover Insurance Group common stock. The options were exercised at a price of $115.35 per share, fully using this particular option grant.
What does the Form 4 reveal about Dennis Francis Kerrigan’s remaining THG stock options?
The Form 4 shows that the option covering 6,262 shares was fully exercised, leaving a remaining option balance of 0 for that grant. The derivative position tied to this specific option grant has been completely eliminated.
What is Dennis Francis Kerrigan’s role at Hanover Insurance Group (THG)?
Dennis Francis Kerrigan serves as an Executive Vice President at Hanover Insurance Group. His position as a senior executive makes his equity transactions reportable on Form 4 under insider reporting rules.