PROASSURANCE CORP·4

Jul 1, 4:53 PM ET

Rand Edward Lewis Jr 4

4 · PROASSURANCE CORP · Filed Jul 1, 2024

Insider Transaction Report

Form 4
Period: 2024-07-01
Rand Edward Lewis Jr
DirectorPresident & CEO
Transactions
  • Exercise/Conversion

    Common Stock

    2024-07-01$12.20/sh+55,157$672,915224,579 total
  • Tax Payment

    Common Stock

    2024-07-01$12.20/sh23,066$281,405201,513 total
  • Exercise/Conversion

    Restricted Stock Unit

    2024-07-0155,1570 total
    Common Stock (55,157 underlying)
Holdings
  • Restricted Share Units

    Common Stock (36,870 underlying)
    36,870
  • Restricted Stock Units

    Common Stock (88,997 underlying)
    88,997
  • Restricted Stock Units

    Common Stock (40,371 underlying)
    40,371
Footnotes (5)
  • [F1]The Restricted Stock Units (RSU) vested, and were thus acquired, on July 1, 2024. The RSUs were priced on July 1, 2024, 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 June 30, 2024. 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 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 2024 Equity Incentive Plan. The RSUs will vest pro rata in increments equal to one-third of the total award in each of the years 2025, 2026 and 2027 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.
  • [F5]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.

Documents

3 files
  • 4
    wk-form4_1719867229.xmlPrimary

    FORM 4

  • EX-24
  • GRAPHIC
    randpoa52219001.jpg

    GRAPHIC