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.
| Classification | Ranking | Percentile |
|---|---|---|
All | 5,426 out of 13,090 | 59th |
Division Finance, Insurance, And Real Estate | 905 out of 2,550 | 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.
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