Richard W. Lavey
2018
In 2018, Richard W. Lavey earned a total compensation of $1.6M as EVP and President, Hanover Agency Markets at Hanover Insurance Group, a 20% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $386,250 |
|---|---|
| Option Awards | $312,680 |
| Salary | $515,000 |
| Stock Awards | $313,011 |
| Other | $59,528 |
| Total | $1,586,469 |
Lavey received $515K in salary, accounting for 32% of the total pay in 2018.
Lavey also received $386.3K in non-equity incentive plan, $312.7K in option awards, $313K in stock awards and $59.5K in other compensation.
Rankings
In 2018, Richard W. Lavey's compensation ranked 6,894th out of 14,244 executives tracked by ExecPay. In other words, Lavey earned more than 51.6% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 6,894 out of 14,244 | 52nd |
Division Finance, Insurance, And Real Estate | 1,285 out of 2,994 | 57th |
Major group Insurance Carriers | 261 out of 401 | 35th |
Industry group Fire, Marine, And Casualty Insurance | 110 out of 202 | 46th |
Industry Fire, Marine, and Casualty Insurance | 110 out of 202 | 46th |
Source: SEC filing on March 28, 2019.
Lavey's colleagues
We found five more compensation records of executives who worked with Richard W. Lavey at Hanover Insurance Group in 2018.
2018
John Fowle
Hanover Insurance Group
Chief Executive Officer
2018
John Roche
Hanover Insurance Group
Chief Executive Officer
2018
Jeffrey Farber
Hanover Insurance Group
Chief Financial Officer
2018
J Huber
Hanover Insurance Group
General Counsel
2018
Bryan Salvatore
Hanover Insurance Group
EVP and President, Specialty
News
Hanover Insurance Group CEO John Roche's 2021 pay rises 9% to $6.8M
March 25, 2022
Hanover Insurance Group CEO John Roche's 2020 pay jumps 25% to $6.2M
March 26, 2021
Hanover Insurance Group CEO John Roche's 2019 pay rises 19% to $5M
March 27, 2020
Hanover Insurance Group CEO John Fowle receives $4.4M in 2018
March 28, 2019