Hanover Insurance (NYSE: THG) EVP exercises options and sells shares

Q: What insider activity did THG Executive Vice President Richard W. Lavey report?

Richard W. Lavey reported exercising a stock option for 17,420 Hanover common shares and then selling multiple share blocks on February 5, 2026 . He also reported a charitable gift of 1,400 shares , all in Hanover Insurance Group, Inc. stock.

Q: How many Hanover (THG) shares did the executive exercise through options?

He exercised a stock option covering 17,420 shares of Hanover common stock at an exercise price of $77.91 per share. The option had originally vested in three equal installments in 2017, 2018, and 2019 , according to the Form 4 footnotes.

Q: What does the charitable gift in the THG Form 4 represent?

The Form 4 shows a transaction coded G for 1,400 Hanover common shares , with a note stating it is a “Charitable gift of shares.” The transaction price is reported as $0 , consistent with a non-cash donation of stock.

Q: What was the nature of the option exercised by the Hanover executive?

The derivative security was a Common Stock Option (right to buy) with an exercise price of $77.91 per share, covering 17,420 underlying shares . A footnote states it vested one-third on February 23 of 2017, 2018, and 2019 .

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

Hanover Insurance Group Executive Vice President Richard W. Lavey reported multiple equity transactions in company common stock. On February 5, 2026, he exercised a stock option for 17,420 shares at an exercise price of $77.91 per share and received common stock.

That same day, he sold several blocks of Hanover common stock at weighted average prices between $178.05 and $179.83, as detailed in the price ranges provided in the notes. He also made a charitable gift of 1,400 shares. Following all reported transactions, he directly owned 30,773.879 Hanover common shares.

Insider Trade Summary

Net Seller: 24,420 shares ($4,369,156)

Net Sell 9 txns

Insider LAVEY RICHARD W

Role Executive Vice President

Sold 24,420 shs ($4.37M)

Type	Security	Shares	Price	Value
Exercise	Common Stock Option (right to buy)	17,420	$0.00	--
Exercise	Common Stock	17,420	$77.91	$1.36M
Sale	Common Stock	4,339	$178.05	$773K
Sale	Common Stock	4,127	$178.78	$738K
Sale	Common Stock	8,954	$179.83	$1.61M
Sale	Common Stock	4,111	$178.08	$732K
Sale	Common Stock	2,611	$178.68	$467K
Sale	Common Stock	278	$179.69	$50K
Gift	Common Stock	1,400	$0.00	--

Holdings After Transaction: Common Stock Option (right to buy) — 0 shares (Direct); Common Stock — 56,593.879 shares (Direct)

Footnotes (1)

Exercise and subsequent sale of options scheduled to expire in February 2026. The price reported in Column 4 is a weighted average price. The shares were sold at multiple prices ranging from $177.42 to $178.41. 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. The price reported in Column 4 is a weighted average price. The shares were sold at multiple prices ranging from $178.44 to $179.37. 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. The price reported in Column 4 is a weighted average price. The shares were sold at multiple prices ranging from $179.44 to $180.18. 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. The price reported in Column 4 is a weighted average price. The shares were sold at multiple prices ranging from $177.42 to $178.41. 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. The price reported in Column 4 is a weighted average price. The shares were sold at multiple prices ranging from $178.44 to $179.43. 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. The price reported in Column 4 is a weighted average price. The shares were sold at multiple prices ranging from $179.63 to $179.79. 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. Charitable gift of shares. The option, representing the right to purchase a total of 17,420 shares, vested 1/3 on each of 2/23/2017, 2/23/2018 and 2/23/2019.

Form 4 Insider Transactions: What Each Field Means →

02/06/2026 - 04:14 PM

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^*

LAVEY RICHARD W

(Last)

(First)

(Middle)

C/O THE HANOVER INSURANCE GROUP, INC.

440 LINCOLN STREET

(Street)

WORCESTER

01653

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
HANOVER INSURANCE GROUP, INC. [ THG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
02/05/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	02/05/2026		M⁽¹⁾		17,420	A	$77.91	56,593.879	D
Common Stock	02/05/2026		S⁽¹⁾		4,339	D	$178.05⁽²⁾	52,254.879	D
Common Stock	02/05/2026		S⁽¹⁾		4,127	D	$178.78⁽³⁾	48,127.879	D
Common Stock	02/05/2026		S⁽¹⁾		8,954	D	$179.83⁽⁴⁾	39,173.879	D
Common Stock	02/05/2026		S		4,111	D	$178.08⁽⁵⁾	35,062.879	D
Common Stock	02/05/2026		S		2,611	D	$178.68⁽⁶⁾	32,451.879	D
Common Stock	02/05/2026		S		278	D	$179.69⁽⁷⁾	32,173.879	D
Common Stock	02/05/2026		G⁽⁸⁾		1,400	D	$0	30,773.879	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)	$77.91	02/05/2026		M⁽¹⁾			17,420	⁽⁹⁾	02/23/2026	Common Stock	17,420	$0	0	D

Explanation of Responses:

1. Exercise and subsequent sale of options scheduled to expire in February 2026.

2. The price reported in Column 4 is a weighted average price. The shares were sold at multiple prices ranging from $177.42 to $178.41. 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.

3. The price reported in Column 4 is a weighted average price. The shares were sold at multiple prices ranging from $178.44 to $179.37. 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.

4. The price reported in Column 4 is a weighted average price. The shares were sold at multiple prices ranging from $179.44 to $180.18. 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 $177.42 to $178.41. 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.

6. The price reported in Column 4 is a weighted average price. The shares were sold at multiple prices ranging from $178.44 to $179.43. 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.

7. The price reported in Column 4 is a weighted average price. The shares were sold at multiple prices ranging from $179.63 to $179.79. 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.

8. Charitable gift of shares.

9. The option, representing the right to purchase a total of 17,420 shares, vested 1/3 on each of 2/23/2017, 2/23/2018 and 2/23/2019.

	/s/ Lindsay L. Katz pursuant to Confirming Statement	02/06/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did THG Executive Vice President Richard W. Lavey report?

Richard W. Lavey reported exercising a stock option for 17,420 Hanover common shares and then selling multiple share blocks on February 5, 2026. He also reported a charitable gift of 1,400 shares, all in Hanover Insurance Group, Inc. stock.

How many Hanover (THG) shares did the executive exercise through options?

He exercised a stock option covering 17,420 shares of Hanover common stock at an exercise price of $77.91 per share. The option had originally vested in three equal installments in 2017, 2018, and 2019, according to the Form 4 footnotes.

At what prices did the THG executive sell Hanover common stock?

He sold Hanover common shares at several weighted average prices, including $178.05, $178.78, and $179.83 per share. Footnotes explain these are averages for trades executed in price ranges between about $177.42 and $180.18 on February 5, 2026.

How many Hanover (THG) shares does the executive own after these transactions?

After the option exercise, stock sales, and charitable gift, Richard W. Lavey directly held 30,773.879 shares of Hanover Insurance Group common stock. This figure is reported as the amount beneficially owned following the transactions shown in the Form 4 tables.

What does the charitable gift in the THG Form 4 represent?

The Form 4 shows a transaction coded G for 1,400 Hanover common shares, with a note stating it is a “Charitable gift of shares.” The transaction price is reported as $0, consistent with a non-cash donation of stock.

What was the nature of the option exercised by the Hanover executive?

The derivative security was a Common Stock Option (right to buy) with an exercise price of $77.91 per share, covering 17,420 underlying shares. A footnote states it vested one-third on February 23 of 2017, 2018, and 2019.