4//SEC Filing
HENDRICKS DANA S 4
Accession 0001704084-24-000008
CIK 0001127703other
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 4:23 PM ET
Size
363.8 KB
Accession
0001704084-24-000008
Insider Transaction Report
Form 4
HENDRICKS DANA S
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2024-03-06$12.36/sh−5,004$61,849→ 23,956 total - Exercise/Conversion
Restricted Stock Units
2024-03-06−7,110→ 0 total→ Common Stock (7,110 underlying) - Exercise/Conversion
Restricted Stock Units
2024-03-06−3,980→ 0 total→ Common Stock (3,980 underlying) - Exercise/Conversion
Common Stock
2024-03-06$12.36/sh+7,110$87,880→ 24,980 total - Exercise/Conversion
Common Stock
2024-03-06$12.36/sh+3,980$49,193→ 28,960 total
Holdings
- 9,084
Restricted Share Units
→ Common Stock (9,084 underlying) - 7,961
Restricted Stock Units
→ Common Stock (7,961 underlying)
Footnotes (4)
- [F1]The Restricted Stock Units (RSU) vested, and were thus acquired, on March 6, 2024 when ratified by the ProAssurance Corporation Board of Directors. The RSUs were priced on February 28, 2024, the day following ProAssurance Corporation's earnings announcement, per the direction of the Compensation Committee of the ProAssurance Corporation Board of Directors.
- [F2]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, 2023 (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.
- [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 pro rata in increments equal to one-third of the total award on February 23 in each of the years 2024, 2025 and 2026 provided the reporting person remains continuously employed by ProAssurance or one of its subsidiaries until each vesting date. 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, 2024 (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.
Issuer
PROASSURANCE CORP
CIK 0001127703
Entity typeother
Related Parties
1- filerCIK 0001750737
Filing Metadata
- Form type
- 4
- Filed
- Mar 5, 7:00 PM ET
- Accepted
- Mar 6, 4:23 PM ET
- Size
- 363.8 KB