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Hanover Insurance (NYSE: THG) EVP nets 16,965 shares after option exercise

(Neutral)
(Neutral)
Form Type
4

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 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)
  1. 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.
  2. 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.
  3. 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.
  4. 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.
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
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"

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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.

How many THG shares were withheld for taxes and exercise price?

The company withheld 49,330 shares of Hanover Insurance common stock to satisfy the option exercise price and associated tax liabilities. This withholding occurred as part of a net exercise structure, rather than a separate open-market sale of shares.

What was the net number of THG shares issued to Jeffrey M. Farber?

After withholding shares for exercise price and taxes, Farber received a net issuance of 16,965 shares of Hanover Insurance common stock. This figure reflects the remaining shares delivered to him following the company’s retention of 49,330 shares in the net exercise.

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.
SEC Form 4
FORM 4UNITED 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*
FARBER JEFFREY M

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Executive Vice President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/29/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock07/29/2026M(1)20,379A$117.2272,191.399D
Common Stock07/29/2026M(1)26,832A$118.5499,023.399D
Common Stock07/29/2026M(1)19,084A$115.35118,107.399D
Common Stock07/29/2026F(1)49,330D$232.3468,777.399D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Common Stock Option (right to buy)$117.2207/29/2026M20,379 (2)03/05/2029Common Stock20,379$00D
Common Stock Option (right to buy)$118.5407/29/2026M26,832 (3)02/28/2030Common Stock26,832$00D
Common Stock Option (right to buy)$115.3507/29/2026M19,084 (4)02/26/2031Common Stock19,084$00D
Explanation of Responses:
1. 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.
2. 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.
3. 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.
4. 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.
/s/ Lindsay L. Katz pursuant to Confirming Statement07/31/2026
** Signature of Reporting PersonDate
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)