4//SEC Filing
STARNES WILLIAM STANCIL 4
Accession 0001704084-19-000061
CIK 0001127703other
Filed
Oct 6, 8:00 PM ET
Accepted
Oct 7, 4:19 PM ET
Size
15.0 KB
Accession
0001704084-19-000061
Insider Transaction Report
Form 4
STARNES WILLIAM STANCIL
DirectorChairmanOther
Transactions
- Exercise/Conversion
Common Stock
2019-10-03$38.72/sh+51$1,975→ 210,317 total - Exercise/Conversion
Common Stock
2019-10-03$38.72/sh+50$1,936→ 210,367 total - Exercise/Conversion
Restricted Stock Units
2019-10-03−93→ 0 total→ Common Stock (93 underlying) - Exercise/Conversion
Restricted Stock Units
2019-10-03−90→ 0 total→ Common Stock (90 underlying)
Holdings
- 7,772
Restricted Stock Units
→ Common Stock (7,772 underlying) - 5,720
Restricted Stock Units
→ Common Stock (5,720 underlying)
Footnotes (4)
- [F1]Transactions as a result of the vesting of Restricted Share Units (RSUs) issued to the reporting person on 10/5/16 under the 2008 Equity Plan and acquired under terms of the ProAssurance Corporation 2011 Employee Stock Ownership Plan. Each RSU is equal to one share of Common Stock and vested upon the completion of three years of continuous employment. Vesting of 93 shares reduced by withholding of 42 shares to cover tax liability resulting from the maturation of this award.
- [F2]Transactions as a result of the vesting of Restricted Share Units (RSUs) issued to the reporting person on 10/5/17 under the 2008 Equity Plan and acquired under terms of the ProAssurance Corporation 2011 Employee Stock Ownership Plan. Each RSU is equal to one share of Common Stock and vested upon the completion of three years of continuous employment. Vesting of 90 shares reduced by withholding of 40 shares to cover tax liability resulting from the maturation of this award.
- [F3]Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of ProAssurance Corporation common stock, issuable from the ProAssurance Corporation 2014 Equity Incentive Compensation Plan. The RSUs will vest if the reporting person remains continuously employed by ProAssurance or one of its subsidiaries until December 31, 2021 (three years from date of grant). Vesting will accelerate upon termination of employment as the result of (i) death; (ii) disability; or (iii) Good Reason, as defined in the reporting person's employment agreement with ProAssurance Corporation, or by action of the Compensation Committee of the ProAssurance Corporation Board of Directors. The RSUs will be settled in shares of ProAssurance Common Stock and in cash, with the cash portion being approximately equal to the federal, state, and local taxes.
- [F4]Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of ProAssurance Corporation common stock, issuable from the ProAssurance Corporation 2014 Equity Incentive Compensation Plan. The RSUs will vest if the reporting person remains continuously employed by ProAssurance or one of its subsidiaries until December 31, 2020 (three years from date of grant). Vesting will accelerate upon termination of employment as the result of (i) death; (ii) disability; or (iii) Good Reason, as defined in the reporting person's employment agreement with ProAssurance Corporation, or by action of the Compensation Committee of the ProAssurance Corporation Board of Directors. The RSUs will be settled in shares of ProAssurance Common Stock and in cash, with the cash portion being approximately equal to the federal, state, and local taxes.
Documents
Issuer
PROASSURANCE CORP
CIK 0001127703
Entity typeother
Related Parties
1- filerCIK 0001198157
Filing Metadata
- Form type
- 4
- Filed
- Oct 6, 8:00 PM ET
- Accepted
- Oct 7, 4:19 PM ET
- Size
- 15.0 KB