Form 4: ProAssurance Director Fabiola Cobarrubias Reports Stock Award

Director Fabiola Cobarrubias reports the acquisition of 4,101 shares of ProAssurance Corp stock as part of a director compensation plan.

Summary

• Fabiola Cobarrubias, a director of ProAssurance Corp, filed a Form 4 on May 21, 2025, reporting a transaction.
• The transaction involved the acquisition of 4,101 shares of common stock at a price of $23.16 per share.
• These shares were awarded under the ProAssurance Corporation Director Deferred Stock Compensation Plan.
• Following the transaction, Cobarrubias beneficially owns 25,184 shares of ProAssurance Corp.
• The stock compensation grant was recommended by the Compensation Committee and approved by the Board of Directors.
• The grant was for shares having a value not to exceed $95,000.
• A power of attorney was executed on May 10, 2021, granting certain individuals the authority to file SEC forms on behalf of Fabiola Cobarrubias.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing related to director compensation. It doesn't contain any information that would significantly impact investor sentiment positively or negatively. The sentiment is neutral to slightly positive as it reflects standard corporate governance practices.

Positives

• The director's stock acquisition reflects continued alignment with shareholder interests.
• The stock compensation plan is approved by the Compensation Committee and Board of Directors, ensuring proper governance.

Future Outlook

NA

Industry Context

This filing is a routine disclosure related to director compensation, which is a common practice in publicly traded companies to incentivize and align the interests of directors with those of shareholders. The details of the compensation plan are disclosed in the company's proxy statement.

Comparison to Industry Standards

• Director compensation plans are common across publicly traded companies, particularly in the insurance sector.
• Companies like UnitedHealth Group (UNH) and Anthem (ANTM) also utilize stock-based compensation for their directors.
• The value of the grant, not to exceed $95,000, appears to be within the typical range for director compensation at companies of similar size and industry.

Stakeholder Impact

• The stock award aligns the director's interests with those of shareholders.
• The compensation plan is designed to incentivize directors to contribute to the company's long-term success.

Key Dates

Keywords

Form 4, ProAssurance Corp, Director Compensation, Stock Award, Beneficial Ownership, Fabiola Cobarrubias, Director, PRA