Richard W. Lavey
2019
In 2019, Richard W. Lavey earned a total compensation of $1.7M as EVP and President, Hanover Agency Markets at Hanover Insurance Group, a 9% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $485,000 |
|---|---|
| Option Awards | $162,547 |
| Salary | $522,308 |
| Stock Awards | $487,667 |
| Other | $63,834 |
| Total | $1,721,356 |
Lavey received $522.3K in salary, accounting for 30% of the total pay in 2019.
Lavey also received $485K in non-equity incentive plan, $162.5K in option awards, $487.7K in stock awards and $63.8K in other compensation.
Rankings
In 2019, Richard W. Lavey's compensation ranked 6,651st out of 13,971 executives tracked by ExecPay. In other words, Lavey earned more than 52.4% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 6,651 out of 13,971 | 52nd |
Division Finance, Insurance, And Real Estate | 1,252 out of 2,894 | 57th |
Major group Insurance Carriers | 251 out of 384 | 35th |
Industry group Fire, Marine, And Casualty Insurance | 113 out of 200 | 44th |
Industry Fire, Marine, and Casualty Insurance | 113 out of 200 | 44th |
Source: SEC filing on March 27, 2020.
Lavey's colleagues
We found four more compensation records of executives who worked with Richard W. Lavey at Hanover Insurance Group in 2019.
News
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Hanover Insurance Group CEO John Roche's 2019 pay rises 19% to $5M
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Hanover Insurance Group CEO John Fowle receives $4.4M in 2018
March 28, 2019