Hanover Insurance Group CEO John Roche's 2021 pay rises 9% to $6.8M
Hanover Insurance Group reports 2021 executive compensation
By ExecPay News
Published: March 25, 2022
Hanover Insurance Group reported fiscal year 2021 executive compensation information on March 25, 2022.
In 2021, five executives at Hanover Insurance Group received on average a compensation package of $3.1M, a 2% increase compared to previous year.
Average pay of disclosed executives at Hanover Insurance Group
John C. Roche, Chief Executive Officer, received $6.8M in total, which increased by 9% compared to 2020. 39% of Roche's compensation, or $2.6M, was in stock awards. Roche also received $2.2M in non-equity incentive plan, $875K in option awards, $1M in salary, as well as $87K in other compensation.
Jeffrey M. Farber, Chief Financial Officer, received a compensation package of $3.3M, which decreased by 2% compared to previous year. 36% of the compensation package, or $1.2M, was in stock awards.
Richard W. Lavey, EVP and President, Hanover Agency Markets, earned $2.1M in 2021, a 3% increase compared to previous year.
Bryan J. Salvatore, EVP and President, Specialty, received $1.9M in 2021, which is about the same as previous year.
Dennis F. Kerrigan, General Counsel, earned $1.6M in 2021, a 9% decrease compared to previous year.
Related executives
John Roche
Hanover Insurance Group
Chief Executive Officer
Jeffrey Farber
Hanover Insurance Group
Chief Financial Officer
Richard Lavey
Hanover Insurance Group
EVP and President, Hanover Agency Markets
Bryan Salvatore
Hanover Insurance Group
EVP and President, Specialty
Dennis Kerrigan
Hanover Insurance Group
General Counsel
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Source: SEC filing on March 25, 2022.