Insider Trading Arrangements - shares

3 Months Ended

Feb. 28, 2024

Mar. 31, 2024

Trading Arrangements, by Individual

Material Terms of Trading Arrangement

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, or terminated 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.

Rule 10b5-1 Arrangement Adopted

false

Non-Rule 10b5-1 Arrangement Adopted

false

Rule 10b5-1 Arrangement Terminated

false

Non-Rule 10b5-1 Arrangement Terminated

false

Non-Rule 10b5-1 Arrangement Modified

false

Rule 10b5-1 Arrangement Modified

false

Rule 10b5-1 Plan [Member] | Richard W.Lavey [Member]

Trading Arrangements, by Individual

Name

Richard W. Lavey

Title

Executive Vice President and President

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

February 28, 2024

Termination Date

February 27, 2025

Aggregate Available

11,826,000,000