Roche John C sold THG
February 16, 2024 · Form 4 insider transaction
Roche John C sold 14,053 shares of The Hanover Insurance Group, Inc. at $135.88 per share, a transaction worth $1.91M. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 4 days after the transaction.
Footnotes
Pursuant to the terms of his 2/19/14 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 2/16/24. To that end a total of 14,053 shares were withheld by the Company to satisfy the exercise price and taxes associated with the exercise, resulting in a net issuance of 8,252 shares to, and held by, Mr. Roche.; Does not include 7,652 shares held indirectly by the Reporting Person's spouse.