Form 4: ProAssurance Director Gorrie Reports Beneficial Ownership Following Departure
SEC Filing
Magnus James Gorrie, a director of ProAssurance Corp, reports his beneficial ownership of common stock following his departure from the board.
Summary
- Magnus James Gorrie, a director of ProAssurance Corporation, filed a Form 4 with the SEC.
- The form indicates his beneficial ownership of 29,009 shares of common stock.
- Gorrie did not stand for re-election to the Board of Directors and is no longer subject to Section 16 reporting requirements.
- Lee M. Pope, with Power of Attorney, signed the report on Gorrie's behalf.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company securities, ensuring transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 05/22/2019 | Date of Power of Attorney execution. |
| 05/22/2024 | Date of the earliest transaction reported on Form 4; date of signature by Power of Attorney. |
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