Richard W. Lavey
2021
In 2021, Richard W. Lavey earned a total compensation of $2.1M as EVP and President, Hanover Agency Markets at Hanover Insurance Group, a 3% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $675,000 |
|---|---|
| Option Awards | $181,306 |
| Salary | $607,692 |
| Stock Awards | $543,985 |
| Other | $78,608 |
| Total | $2,086,591 |
Lavey received $675K in non-equity incentive plan, accounting for 32% of the total pay in 2021.
Lavey also received $181.3K in option awards, $607.7K in salary, $544K in stock awards and $78.6K in other compensation.
Rankings
In 2021, Richard W. Lavey's compensation ranked 5,891st out of 12,397 executives tracked by ExecPay. In other words, Lavey earned more than 52.5% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 5,891 out of 12,397 | 53rd |
Division Finance, Insurance, And Real Estate | 919 out of 2,278 | 60th |
Major group Insurance Carriers | 171 out of 279 | 39th |
Industry group Fire, Marine, And Casualty Insurance | 70 out of 140 | 50th |
Industry Fire, Marine, and Casualty Insurance | 70 out of 140 | 50th |
Source: SEC filing on March 25, 2022.
Lavey's colleagues
We found four more compensation records of executives who worked with Richard W. Lavey at Hanover Insurance Group in 2021.
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