Form 4: ProAssurance Corp Executive Robert David Francis Reports Stock Transactions
SEC Form 4 Filing
Robert David Francis, Pres Healthcare Pro. Liability at ProAssurance Corp, reports acquisition and disposal of common stock and restricted stock units on February 25, 2025.
Summary
- On February 25, 2025, Robert David Francis, Pres Healthcare Pro. Liability at ProAssurance Corp, reported transactions involving common stock and restricted stock units (RSUs).
- Francis acquired 7,771 shares of common stock at $16.13 and 3,226 shares at $16.32.
- He also disposed of 4,647 shares of common stock at $16.13.
- Following these transactions, Francis directly owns 15,973 shares of common stock.
- He also owns 17,668 restricted stock units that vest in increments in 2026, 2027 and 2028, 26,294 restricted stock units that vest in increments in 2025, 2026 and 2027, and 3,226 restricted stock units that vest pro rata in increments in 2024, 2025 and 2026.
- The RSUs represent a contingent right to receive one share of ProAssurance Corporation common stock and will be settled in shares of ProAssurance Common Stock and in cash.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The RSUs will vest over the next several years, contingent on continued employment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency regarding the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 02/25/2025 | Date of earliest transaction: acquisition and disposal of common stock and restricted stock units. |
| 02/26/2025 | Date of signature by Lee M. Pope, POA for Reporting Person. |
| 12/31/2024 | RSUs will vest if the reporting person remains continuously employed by ProAssurance or one of its subsidiaries until December 31, 2024. |
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