Hanover (THG) EVP Dennis Kerrigan Exercises Options, Sells Shares

What Happened

• Dennis F. Kerrigan, Executive Vice President of Hanover Insurance Group (THG), exercised a total of 8,655 stock options (6,551 on 2026-08-19 and 2,104 on 2026-08-20) at $118.54 per share (total exercise cost $1,025,964) and sold all 8,655 shares in open-market transactions pursuant to a pre-established Rule 10b5-1 trading plan.
• Sales were executed across multiple trades on August 19–20, 2026, producing gross proceeds of approximately $1,914,366 (weighted-average prices per trade shown below). Net proceeds (sales minus exercise cost) were about $888,402. These were routine disposition transactions following option exercise.

Key Details

• Transaction dates: Aug 19–20, 2026. Form filed on Aug 21, 2026 (timely filing).
• Option exercises (code M): 6,551 shares on 8/19 and 2,104 shares on 8/20 at $118.54 ($776,556 and $249,408 respectively).
• Open-market sales (code S) and amounts:
  • 8/19: 4,822 shares @ $220.41 (≈ $1,062,817) (F2)
  • 8/19: 1,505 shares @ $221.73 (≈ $333,704) (F3)
  • 8/19: 224 shares @ $222.77 (≈ $49,900) (F4)
  • 8/20: 400 shares @ $220.01 (≈ $88,004) (F5)
  • 8/20: 1,704 shares @ $222.97 (≈ $379,941) (F6)
• Total exercised: 8,655 shares; total sold: 8,655 shares; total sale proceeds ≈ $1,914,366; total exercise cost = $1,025,964.
• Shares owned after transaction: not specified in the filing.
• Notable footnotes:
  • F1: Transactions were executed under a pre-established Rule 10b5-1 trading plan (adopted May 21, 2026).
  • F2–F6: Reported sale prices are weighted averages; the filing states a range of execution prices and offers to disclose per-price breakdown on request.
  • F7: The option covered 8,655 shares and vested in thirds on 2/28/21, 2/28/22 and 2/28/23.

Context

• This was a cashless-style sequence: options were exercised and the resulting shares were sold shortly thereafter under a 10b5-1 plan. That pattern (exercise + immediate sale) is common for managing tax or diversification needs and does not alone indicate the insider’s view on company prospects.
• Transaction codes: M = option exercise/conversion; S = open-market sale. The separate entries showing exercise with $0.00 disposed reflect conversion/disposition of the derivative instrument associated with the exercise.