Jeffrey M. Farber - 17 May 2022 Form 4 Insider Report for HANOVER INSURANCE GROUP, INC. (THG)

Role
Executive Vice President
Signature
/s/Walter H. Stowell pursuant to Confirming Statement
Issuer symbol
THG
Transactions as of
17 May 2022
Transactions value $
-$940,911
Form type
4
Filing time
18 May 2022, 16:12:55 UTC
Previous filing
29 Mar 2022
Next filing
28 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THG Common Stock Options Exercise $4.95M +47.5K +67.75% $104.11 118K 17 May 2022 Direct F1
transaction THG Common Stock Tax liability -$5.89M -39.6K -33.64% $148.76 78.1K 17 May 2022 Direct F1

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 -47.5K -100% $0.00* 0 17 May 2022 Common Stock 47.5K $104.11 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Farber "net exercised" 47,510 options. The options were granted to Mr. Farber in 2018, and were scheduled to expire ten years after issuance. A total of 39,575 shares were withheld by the Company to satisfy the exercise price and taxes associated with the exercise, resulting in a net issuance of 7,935 shares to, and held by, Mr. Farber.
F2 The option, representing the right to purchase a total of 47,510 shares, vested 1/3 on each of 02/27/19, 02/27/20, and 02/27/21.