Hanover Insurance (NYSE: THG) EVP nets 16,965 shares after option exercise
Rhea-AI Filing Summary
Hanover Insurance Group Executive Vice President Jeffrey M. Farber exercised stock options for 66,295 shares of common stock on July 29, 2026, at exercise prices between $115.3500 and $118.5400 per share. As part of a net exercise, the company withheld 49,330 shares to cover the exercise price and taxes, resulting in a net issuance of 16,965 shares of Hanover common stock to Farber.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 16,965 shares
Net Buy
7 txns
Insider
FARBER JEFFREY M
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock Option (right to buy) F2 | 20,379 | $0.00 | $0.00 |
| Exercise | Common Stock Option (right to buy) F3 | 26,832 | $0.00 | $0.00 |
| Exercise | Common Stock Option (right to buy) F4 | 19,084 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 20,379 | $117.22 | $2.39M |
| Exercise | Common Stock F1 | 26,832 | $118.54 | $3.18M |
| Exercise | Common Stock F1 | 19,084 | $115.35 | $2.20M |
| Exercise Price or Tax Liability | Common Stock F1 | 49,330 | $232.34 | $11.46M |
Holdings After Transaction:
Common Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 68,777.399 shares (Direct)
Footnotes (4)
- F1. The Reporting Person's options were "net exercised". Accordingly, a total of 49,330 shares were withheld by the Company to satisfy the exercise price and taxes associated with the exercise, resulting in a net issuance of 16,965 shares.
- F2. The option, representing the right to purchase a total of 20,379 shares, vested 1/3 on each of 3/5/2020, 3/5/2021 and 3/5/2022.
- F3. The option, representing the right to purchase a total of 26,832 shares, vested 1/3 on each of 2/28/2021, 2/28/2022 and 2/28/2023.
- F4. The option, representing the right to purchase a total of 19,084 shares, vested 1/3 on each of 2/26/2022, 2/26/2023 and 2/26/2024.
Key Figures
Options exercised: 66,295 shares
Shares withheld for exercise price and taxes: 49,330 shares
Net shares issued to insider: 16,965 shares
+4 more
7 metrics
Options exercised
66,295 shares
Total underlying common shares from options exercised on July 29, 2026
Shares withheld for exercise price and taxes
49,330 shares
Shares withheld by the company in a net exercise per footnote F1
Net shares issued to insider
16,965 shares
Net issuance of common stock to Farber after withholding in net exercise
Exercise price per share (grant 1)
117.2200
Options for 20,379 shares expiring 2029-03-05
Exercise price per share (grant 2)
118.5400
Options for 26,832 shares expiring 2030-02-28
Exercise price per share (grant 3)
115.3500
Options for 19,084 shares expiring 2031-02-26
Withholding transaction price
232.3400 per share
Per-share value for 49,330 shares withheld under code F
Key Terms
net exercised, Common Stock Option (right to buy), exercise price or tax liability
3 terms
net exercised financial
"The Reporting Person's options were net exercised."
Common Stock Option (right to buy) financial
"security_title: Common Stock Option (right to buy)"
exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did THG's Jeffrey M. Farber report?
Jeffrey M. Farber reported exercising stock options into 66,295 shares of Hanover Insurance common stock on July 29, 2026. The options converted into shares, with part of the resulting stock withheld by the company to cover the exercise price and related tax obligations.
How many Hanover Insurance (THG) stock options were exercised?
Farber exercised options covering 66,295 shares of Hanover Insurance common stock. These options were issued under three separate grants that had fully vested and were exercised simultaneously, converting all underlying option rights into actual common shares on July 29, 2026.
At what prices were the THG options exercised by Farber?
Farber’s options were exercised at strike prices of $117.2200, $118.5400, and $115.3500 per share. These prices correspond to three option grants expiring in 2029, 2030, and 2031, each of which had previously vested in equal annual installments.