Form 4: ProAssurance Director Maye Head Frei Acquires Shares Under Deferred Stock Compensation Plan

Director Maye Head Frei acquired 4,101 shares of ProAssurance Corp common stock at $23.16 per share under the company's Director Deferred Stock Compensation Plan.

Summary

• On May 21, 2025, Maye Head Frei, a director of ProAssurance Corp, acquired 4,101 shares of common stock.
• The shares were acquired under the ProAssurance Corporation Director Deferred Stock Compensation Plan.
• The price per share was $23.16.
• Following the transaction, Frei directly owns 31,298 shares of ProAssurance Corp.
• The Compensation Committee, composed of independent directors, recommended the stock compensation grant, which was then approved by the Board of Directors.
• The stock compensation grant was for shares having a value not to exceed $95,000.
• A power of attorney was executed on May 8, 2019, granting certain individuals the authority to act on behalf of Maye Head Frei in matters related to SEC filings.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to positively as it aligns director and shareholder interests. The sentiment is slightly positive due to the director increasing their stake in the company.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• The Director Deferred Stock Compensation Plan aligns the interests of directors with those of shareholders.

Industry Context

Director stock ownership is a common practice in publicly traded companies to align management's interests with shareholders. Deferred stock compensation plans are often used to incentivize long-term performance.

Comparison to Industry Standards

• Director compensation packages, including stock grants, are common across the insurance industry.
• Companies like Travelers Companies Inc. and Chubb Limited also utilize stock-based compensation for their directors.
• The value of the grant, not to exceed $95,000, is within the typical range for director compensation at companies of similar size and market capitalization.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it demonstrates the director's confidence in the company.
• The Director Deferred Stock Compensation Plan could positively impact employees as it incentivizes directors to improve company performance.

Key Dates

Keywords

ProAssurance Corp, Director, Maye Head Frei, Stock Compensation, Form 4, SEC, Beneficial Ownership, PRA