Hanover Insurance (NYSE: THG) EVP forfeits 3,220 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HANOVER INSURANCE GROUP, INC. Executive Vice President Richard W. Lavey reported an administrative share disposition tied to equity compensation. On February 27, 2026, 3,220 shares of common stock at $180.63 per share were forfeited to cover withholding taxes upon the vesting of previously granted restricted stock units. After this tax-withholding disposition, he directly owned 34,382.74 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LAVEY RICHARD W
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,220 | $180.63 | $582K |
Holdings After Transaction:
Common Stock — 34,382.74 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did THG executive Richard W. Lavey report?
Richard W. Lavey reported a tax-withholding disposition of 3,220 Hanover Insurance Group common shares. The shares were forfeited to pay withholding taxes when previously granted restricted stock units vested on February 27, 2026, rather than sold in an open-market transaction.
Was Lavey’s THG Form 4 transaction a discretionary stock sale?
No, the transaction reflects shares forfeited to pay withholding taxes on vested restricted stock units. The footnote explains the shares were used for tax withholding upon vesting, indicating an administrative equity-compensation event rather than a discretionary open-market sale by the executive.
What role does Richard W. Lavey hold at Hanover Insurance Group (THG)?
Richard W. Lavey is an Executive Vice President at Hanover Insurance Group. His status as an officer makes him a reporting person for insider transactions, requiring disclosure of equity-related events such as tax-withholding dispositions tied to restricted stock unit vesting.