Form 4: ProAssurance Director Katisha T. Vance Acquires Shares Under Deferred Stock Compensation Plan

Director Katisha T. Vance acquired 4,101 shares of ProAssurance Corp common stock under the company's Director Deferred Stock Compensation Plan.

Summary

• On May 21, 2025, Katisha Terrell Vance, a director of ProAssurance Corp, acquired 4,101 shares of common stock.
• The acquisition was made under the ProAssurance Corporation Director Deferred Stock Compensation Plan.
• The price per share was $23.16.
• Following the transaction, Vance directly owns 34,159 shares of ProAssurance Corp.
• The shares were awarded as part of a stock compensation grant not exceeding $95,000 in value, as recommended by the Compensation Committee and approved by the Board of Directors.
• A Power of Attorney was executed on May 31, 2017, granting certain individuals the authority to act on Vance's behalf in matters related to SEC filings.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares indicates confidence in the company, but it's a routine transaction under a pre-existing compensation plan.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• The stock compensation plan aligns the interests of directors with those of shareholders.

Industry Context

Director share acquisitions are common in publicly traded companies as part of compensation packages and can be seen as a positive signal to the market.

Comparison to Industry Standards

• Director compensation packages often include stock options or grants to align their interests with shareholders, similar to practices at companies like UnitedHealth Group (UNH) and Anthem (ANTM).
• The value of the grant, not to exceed $95,000, is within the typical range for director compensation at companies of similar size and industry, such as medical insurance providers like Molina Healthcare (MOH) and Centene Corporation (CNC).

Stakeholder Impact

• The acquisition of shares by a director can have a slightly positive impact on shareholder sentiment.

Key Dates

Keywords

ProAssurance, Director, Stock Compensation, Form 4, SEC, Vance, PRA, Beneficial Ownership