Salvatore Bryan J 4

What Happened
Bryan J. Salvatore, Executive Vice President of Hanover Insurance Group (THG), exercised options to acquire 16,394 shares and then sold those 16,394 shares in an open-market transaction on June 3, 2026. The exercise price paid was $104.11 per share (total ~$1,706,779) and the shares were sold at a weighted-average price of $185.76 per share (total proceeds ~$3,045,349). The sequence — exercise followed by an immediate sale — is a cashless-style exercise and disposition.

Key Details

• Transaction date: 2026-06-03
• Option exercise: 16,394 shares acquired at $104.11; cash paid ~$1,706,779
• Open-market sale: 16,394 shares sold at weighted avg $185.76; proceeds ~$3,045,349 (sales ranged $185.38–$186.28 per F1)
• Derivative entry: filing shows a related $0.00 “disposed” derivative line reflecting conversion/settlement of the option instrument
• Vesting note (F2): the option representing these shares vested 1/3 on 2/27/2019, 1/3 on 2/27/2020 and 1/3 on 2/27/2021
• Shares owned after transaction: not specified in the provided filing
• Filing timing: report filed 2026-06-04 for transactions on 2026-06-03 (filed next day)

Context
This is a common pattern where an executive exercises vested options and immediately sells the resulting shares to cover exercise costs and/or taxes. Sales do not necessarily indicate a change in view about the company; purchases are typically more informative about insider sentiment. The filing’s footnote clarifies the weighted-average sale price and provides the option vesting history.