Form 4: ProAssurance Director Thomas A.S. Wilson Jr. Reports Final Beneficial Ownership After Stepping Down
SEC Form 4 Filing
Thomas A.S. Wilson Jr., a director of ProAssurance Corp, filed a Form 4 indicating his final beneficial ownership following his decision not to stand for re-election to the Board of Directors.
Summary
- Thomas A.S. Wilson Jr., a director at ProAssurance Corp, filed a Form 4 with the SEC on May 22, 2024.
- The filing indicates changes in his beneficial ownership of ProAssurance Corp stock.
- Wilson did not stand for re-election to the Board of Directors and is no longer subject to Section 16 reporting requirements.
- The report shows direct ownership of 27,009 shares of common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it's a standard regulatory filing reflecting a change in circumstances (director stepping down).
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
Form 4 filings are standard practice for corporate insiders (officers, directors, and 10% owners) to report transactions in their company's stock to the SEC, ensuring transparency and preventing insider trading.
Key Dates
| Date | Description |
|---|---|
| 05/22/2019 | Date of execution of the Power of Attorney. |
| 05/22/2024 | Date of the transaction and filing of Form 4. |
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