Form 4: Kedrick D. Adkins Jr. Reports Beneficial Ownership Change in ProAssurance Corp (PRA) Due to Departure from Board

Kedrick D. Adkins Jr. files a Form 4 to report changes in beneficial ownership of ProAssurance Corp stock following his decision not to stand for re-election to the Board of Directors.

Summary

• Kedrick D. Adkins Jr., a director of ProAssurance Corp, filed a Form 4 with the SEC on May 21, 2025.
• The filing indicates a change in beneficial ownership of ProAssurance Corp common stock.
• Adkins held 28,889 shares of common stock directly.
• The reason for the filing is that Adkins did not stand for re-election to the Board of Directors and is no longer subject to Section 16 reporting requirements.
• Adkins also provided a Power of Attorney, originally executed on May 22, 2019, to allow certain individuals to act on his behalf in matters related to SEC filings.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing indicating a change in beneficial ownership due to a director's departure, with neutral sentiment.

Future Outlook

The document does not contain any specific forward-looking statements regarding ProAssurance Corp's future performance.

Management Comments

• The Reporting Person did not stand for re-election to our Board of Directors.
• Thus, he is no longer subject to Section 16 Reporting requirements.

Industry Context

This filing is a routine disclosure related to changes in insider ownership, which is common in the insurance industry. Directors are required to disclose changes in their holdings.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders, such as directors and officers, to report transactions in their company's securities.
• The level of detail provided in this filing is consistent with SEC requirements and industry norms for transparency.

Stakeholder Impact

• Shareholders are informed of changes in insider ownership, which can influence investor sentiment.
• The departure of a director may lead to changes in board dynamics and strategic direction.

Key Dates

Keywords

Form 4, Beneficial Ownership, ProAssurance Corp, PRA, Director, Kedrick D. Adkins Jr., SEC, Section 16, Power of Attorney