Form 4: ProAssurance Executive VP Noreen Dishart Reports Stock Transactions
SEC Form 4
Executive VP/Chief HR Officer Noreen Dishart reports acquisition and disposal of ProAssurance Corp stock and restricted stock units.
Summary
- Noreen Dishart, Executive VP/Chief HR Officer of ProAssurance Corp, filed a Form 4 detailing changes in beneficial ownership.
- On February 25, 2025, Dishart acquired 7,065 shares of common stock at $16.13 per share and 3,100 shares of common stock at $16.13.
- She also disposed of 3,888 shares of common stock at $16.13.
- Following these transactions, Dishart directly owns 16,479 shares of common stock.
- Dishart was also granted 13,763 Restricted Stock Units (RSUs) under the ProAssurance Corporation 2024 Equity Incentive Plan, vesting in increments over 2026, 2027 and 2028.
- She also holds 17,961 and 3,101 Restricted Share Units from the ProAssurance Corporation 2014 Equity Incentive Compensation Plan.
- The RSUs represent a contingent right to receive one share of ProAssurance Corporation common stock and will be settled in shares and cash to cover taxes.
- Vesting of the RSUs accelerates upon death, disability, or 'Good Reason' termination, or by action of the Compensation Committee.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock transactions.
Positives
- The grant of RSUs aligns Dishart's interests with those of the shareholders, incentivizing her to improve company performance.
Future Outlook
The RSUs will vest over the next several years, contingent on continued employment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions.
Stakeholder Impact
- Shareholders can monitor insider transactions for insights into management's view of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 02/25/2025 | Date of the reported transactions (stock acquisition/disposal and RSU grant). |
| 02/26/2025 | Date of signature on the Form 4 filing. |
| 12/31/2024 | Date until which the reporting person must remain continuously employed by ProAssurance or one of its subsidiaries for the RSUs to vest. |
| 2024 | Year in which one-third of the total award of RSUs will vest pro rata. |
| 2025 | Year in which one-third of the total award of RSUs will vest pro rata. |
| 2026 | Year in which one-third of the total award of RSUs will vest pro rata. |
| 2027 | Year in which one-third of the total award of RSUs will vest pro rata. |
| 2028 | Year in which one-third of the total award of RSUs will vest pro rata. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.