Kerrigan Dennis Francis 4

What Happened
Dennis Kerrigan, Executive Vice President of Hanover Insurance Group (THG), exercised stock options to acquire 6,262 shares at an exercise price of $115.35 per share (total cost $722,322) on 2026-05-20. Those 6,262 shares were then sold in an open-market sale the same day at $192.99 per share, generating gross proceeds of $1,208,503. Net cash proceeds before fees and taxes were about $486,181 (sale proceeds minus exercise cost).

Key Details

• Transaction date: 2026-05-20; Form 4 filed 2026-05-21 (timely filing).
• Exercise (M): Acquired 6,262 shares @ $115.35 = $722,322.
• Sale (S): Sold 6,262 shares @ $192.99 = $1,208,503.
• Derivative conversion: a corresponding option-to-share conversion is recorded (6,262 @ $0).
• Shares owned after the transactions: not disclosed in the supplied filing.
• Footnote: the option covered 6,262 shares and vested in thirds on 2/26/2022, 2/26/2023 and 2/26/2024.

Context
This is a common “cashless exercise” pattern: the insider exercised vested options and immediately sold the resulting shares, realizing the spread between the market price and the exercise price. Such transactions are routine for option exercises and do not by themselves indicate a change in company outlook.