Form 4: ProAssurance Director Staci Pierce Receives Stock Award Under Deferred Compensation Plan

Director Staci Pierce received 4,101 shares of ProAssurance Corp stock valued at $23.16 per share under the company's Director Deferred Stock Compensation Plan.

Summary

• Staci Pierce, a director of ProAssurance Corp, filed a Form 4 on May 21, 2025, reporting a transaction.
• Pierce acquired 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 and are exempt under Rule 16b-3.
• The grant was recommended by the Compensation Committee and approved by the Board of Directors on May 21, 2025.
• The stock compensation grant was for shares having a value not to exceed $95,000.
• Following the transaction, Pierce directly owns 10,621 shares of ProAssurance Corp.
• Pierce has also granted power of attorney to Jeffrey P. Lisenby, Lee M. Pope, and Kathryn A. Neville to handle SEC filings related to her position as an officer and/or director of ProAssurance Corporation.

Sentiment

Score: 7

Explanation: The document reflects a routine director compensation transaction, which is generally viewed neutrally to positively as it aligns director interests with shareholders. The sentiment is slightly positive due to the transparency of the disclosure.

Positives

• The stock award reflects the company's commitment to compensating its directors.
• The Director Deferred Stock Compensation Plan aligns director interests with shareholder value.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance.

Management Comments

• The Compensation Committee recommended the stock compensation grant, which was subsequently approved by the Board of Directors.

Industry Context

Director compensation packages, including stock awards, are common practice in publicly traded companies to align the interests of directors with those of shareholders. The value of the grant is consistent with typical director compensation packages in similar-sized companies.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• Stock awards are a common component, aligning director interests with shareholder value.
• The value of the grant, not exceeding $95,000, appears to be within the typical range for non-management directors at companies of similar size and industry to ProAssurance.

Stakeholder Impact

• The stock award to the director aligns her interests with those of shareholders.
• The compensation plan is designed to attract and retain qualified directors.

Key Dates

Keywords

Form 4, Director Compensation, Stock Award, ProAssurance Corp, Staci Pierce, Beneficial Ownership, SEC Filing