LAVEY RICHARD W 4

What Happened
Richard W. Lavey, Executive Vice President of The Hanover Insurance Group (THG), exercised 17,420 stock options on Feb 5, 2026 at a strike price of $77.91 (cost ≈ $1,357,192). On the same day he sold multiple blocks totaling 24,420 shares in open-market transactions for gross proceeds of about $4,369,156. He also made a charitable gift of 1,400 shares. The filing reports an additional derivative line tied to the option exercise (reported at $0.00) consistent with the exercise/sale reporting.

Key Details

• Transaction date: 2026-02-05; Form 4 filed 2026-02-06 (timely).
• Option exercise: 17,420 shares acquired at $77.91 each (≈ $1.357M).
• Open-market sales: 24,420 shares sold in multiple blocks; combined proceeds ≈ $4.37M. Reported weighted-average prices by block ranged roughly from $177.42 to $180.18 (see filing footnotes for exact per-block price ranges).
• Gift: 1,400 shares donated to charity (no proceeds).
• Vesting/option note: the option (17,420 shares) vested 1/3 on each of 2/23/2017, 2/23/2018 and 2/23/2019; options were scheduled to expire February 2026.
• Shares owned after the transactions: not shown in the provided excerpt of the filing.
• Footnotes say weighted-average sale prices cover multiple trade prices and the reporting person will provide a breakdown on request.

Context

• This was an option exercise followed by substantial open-market sales (a common cashless-style outcome when employees exercise expiring options). The exercise is an acquisition event, but the immediate/near-immediate sales represent dispositions of company stock.
• The 1,400-share gift is a charitable transfer and should not be read as a market sentiment signal.
• The filing appears timely (filed the next day); no indication of a 10% owner or a 10b5-1 plan is stated in the excerpt.

If you want, I can calculate net cash received (sales proceeds minus exercise cost and estimated fees/taxes) or locate the full Form 4 to show post-transaction holdings.