John C. Roche - Feb 16, 2024 Form 4 Insider Report for HANOVER INSURANCE GROUP, INC. (THG)

Role
President and CEO, Director
Signature
/s/ Lindsay L. Katz pursuant to Confirming Statement
Stock symbol
THG
Transactions as of
Feb 16, 2024
Transactions value $
-$691,446
Form type
4
Date filed
2/20/2024, 04:12 PM
Previous filing
Jan 3, 2024
Next filing
Feb 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THG Common Stock Options Exercise $1.22M +22.3K +24.33% $54.61 114K Feb 16, 2024 Direct F1, F2
transaction THG Common Stock Tax liability -$1.91M -14.1K -12.33% $135.88 99.9K Feb 16, 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction THG Common Stock Option (right to buy) Options Exercise $0 -22.3K -100% $0.00* 0 Feb 16, 2024 Common Stock 22.3K $54.61 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the terms of his 2/19/14 Option Agreement (the "Agreement"), in-the-money options held by Mr. Roche immediately prior to expiration of the option are automatically "net exercised". Accordingly, per the terms of the Agreement such options were "net exercised" on 2/16/24. To that end a total of 14,053 shares were withheld by the Company to satisfy the exercise price and taxes associated with the exercise, resulting in a net issuance of 8,252 shares to, and held by, Mr. Roche.
F2 Does not include 7,652 shares held indirectly by the Reporting Person's spouse.
F3 The option vested 1/3 on each of 02/19/15, 02/19/16 and 02/19/17.