4/A: ProAssurance Corp Director Ziad Haydar Corrects Form 4 Filing Due to Administrative Error

Ziad Haydar, a director of ProAssurance Corp, amended a previous Form 4 filing to reflect the cancellation of a grant of 7,468 shares of common stock due to an administrative error.

Summary

• ProAssurance Corp director Ziad Haydar filed an amendment to a previous Form 4 filing.
• The amendment corrects an error related to a grant of 7,468 shares of common stock that was reported on May 24, 2023.
• The grant was invalid due to an administrative error and should not have occurred.
• No actual shares were issued as all directors elected to defer the receipt of their annual grant through the Director Deferred Stock Compensation Plan.
• The cancellation involved reversing the credited shares to their respective deferred compensation accounts.
• Following the correction, Haydar directly owns 22,423 shares of ProAssurance Corp common stock.

Sentiment

Score: 6

Explanation: The document corrects an administrative error, which is neutral. The correction ensures compliance, which is slightly positive.

Negatives

• An administrative error led to an incorrect grant of 7,468 shares, requiring a corrected filing.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The correction ensures accurate reporting to shareholders.

Key Dates