LAVEY RICHARD W 4
4 · HANOVER INSURANCE GROUP, INC. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
THG EVP Richard W. Lavey Forfeits 3,220 Shares for Taxes
What Happened Richard W. Lavey, Executive Vice President of Hanover Insurance Group (THG), had 3,220 shares forfeited to cover withholding taxes upon the vesting of restricted stock units (RSUs). The shares were valued at $180.63 each, for a total of $581,629. This was not an open‑market sale or purchase but a routine tax-withholding disposition tied to RSU vesting.
Key Details
- Transaction date: February 27, 2026
- Filing date: March 2, 2026 (Form 4) — filed timely
- Disposed/forfeited: 3,220 shares at $180.63 per share; total value $581,629
- Transaction code: F (payment of exercise price or tax liability / withholding)
- Footnote: Shares were forfeited to pay withholding taxes on RSUs that vested; fractional shares were rounded up to the next whole share per the award terms
- Shares owned after transaction: Not specified in the provided filing excerpt
Context This was a tax-withholding action connected to RSU vesting (a common administrative transaction), not a market sale indicating intent to reduce holdings. For retail investors, purchases or open-market sales by insiders generally carry more informational weight than routine withholding transactions.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-27$180.63/sh−3,220$581,629→ 34,382.74 total
Footnotes (1)
- [F1]Represents shares that were forfeited to pay withholding taxes upon the vesting of restricted stock units that were previously granted by the Issuer and vested on February 27, 2026. In connection with vesting, any fractional shares were rounded up to the next whole share in accordance with the terms of the award agreement.