Form 4: ProAssurance Director Frank Spinosa Reports Beneficial Ownership of Common Stock
SEC Form 4 Filing
Frank Spinosa, a director of ProAssurance Corp, reports beneficial ownership of 24,232 shares of common stock in a Form 4 filing.
Summary
- Frank Anthony Spinosa, a director of ProAssurance Corporation, filed a Form 4 with the SEC.
- The filing indicates Spinosa beneficially owns 24,232 shares of ProAssurance common stock.
- Spinosa did not stand for re-election to the Board of Directors and is no longer subject to Section 16 reporting requirements.
- Lee M. Pope signed the report on Spinosa's behalf, using a Power of Attorney.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Future Outlook
The document does not contain any forward-looking statements or guidance.
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 insider stock ownership and changes, as required by the SEC. It provides transparency to investors regarding the holdings of company directors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 05/22/2019 | Date of Power of Attorney execution. |
| 05/22/2024 | Date of the earliest transaction and filing of the Form 4. |
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