HANOVER INSURANCE GROUP INC
For the period ended Mar 31, 2024. Filed May 2, 2024.
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Mar 31, 2024 · Filed May 2, 2024
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Rule 10b5-1 Trading Plans
On February 28, 2024, Richard W. Lavey, the Company’s Executive Vice President and President, Hanover Agency Markets, adopted a trading plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) (the “10b5-1 Plan”). The 10b5-1 Plan provides for the exercise, and subsequent sale, of options to purchase an aggregate of 11,826 shares of the Company’s common stock that were issued to Mr. Lavey on February 27, 2015 (the “2015 Options”). The 2015 Options expire on February 27, 2025. The 10b5-1 Plan expires on February 27, 2025 or upon an earlier date if and when all the 2015 Options are exercised and sold. The amount of shares actually sold will depend on the satisfaction of certain conditions as set forth in the 10b5-1 Plan.
No other officer or director adopted, modified, orterminated a contract, instruction or written plan for the purchase or sale of the Company’s securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or a non-Rule 10b5-1 trading arrangement during the first quarter ended March 31, 2024.
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