Richard W. Lavey

2020

In 2020, Richard W. Lavey earned a total compensation of $2M as EVP and President, Hanover Agency Markets at Hanover Insurance Group, a 18% increase compared to previous year.

Compensation breakdown

Non-Equity Incentive Plan$693,000
Option Awards$175,226
Salary$564,423
Stock Awards$524,917
Other$76,213
Total$2,033,779

Lavey received $693K in non-equity incentive plan, accounting for 34% of the total pay in 2020.

Lavey also received $175.2K in option awards, $564.4K in salary, $524.9K in stock awards and $76.2K in other compensation.

Rankings

In 2020, Richard W. Lavey's compensation ranked 5,426th out of 13,090 executives tracked by ExecPay. In other words, Lavey earned more than 58.5% of executives.

ClassificationRankingPercentile
All
5,426
out of 13,090
59th
Division
Finance, Insurance, And Real Estate
905
out of 2,551
65th
Major group
Insurance Carriers
166
out of 308
46th
Industry group
Fire, Marine, And Casualty Insurance
79
out of 172
54th
Industry
Fire, Marine, and Casualty Insurance
79
out of 172
54th
Source: SEC filing on March 26, 2021.

Lavey's colleagues

We found four more compensation records of executives who worked with Richard W. Lavey at Hanover Insurance Group in 2020.

2020

John Roche

Hanover Insurance Group

Chief Executive Officer

2020

Jeffrey Farber

Hanover Insurance Group

Chief Financial Officer

2020

Bryan Salvatore

Hanover Insurance Group

EVP and President, Specialty

2020

Dennis Kerrigan

Hanover Insurance Group

General Counsel

News

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