February 27, 2025 · Form 4 insider transaction
Roche John C bought 22,943 shares of The Hanover Insurance Group, Inc. at $66.14 per share, a transaction worth $1.52M. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 4 days after the transaction.
Pursuant to the terms of his 2/27/15 Option Agreement (the "Agreement"), in-the-money options held by Mr. Roche immediately prior to expiration of the option are automatically "net exercised". Accordingly, per the terms of the Agreement such options were "net exercised" on 2/27/25. To that end a total of 15,604 shares were withheld by the Company to satisfy the exercise price and taxes associated with the exercise, resulting in a net issuance of 7,339 shares to, and held by, Mr. Roche.; Does not include 14,454 shares held by the Reporting Person's spouse.