ProAssurance (NYSE: PRA) awards 23,720 RSUs to EVP and General Counsel

Rhea-AI Filing Summary

ProAssurance Corporation reported an equity compensation award to a senior executive. Executive Vice-President, Secretary & General Counsel Jeffrey Patton Lisenby received 23,720 Restricted Stock Units (RSUs) on January 7, 2026 at a cash price of $0 per unit.

Each RSU represents a contingent right to one share of ProAssurance common stock under the 2014 Equity Incentive Compensation Plan. The new award will vest pro rata in one‑third increments in 2027, 2028 and 2029, assuming continued employment, with accelerated vesting upon death, disability, certain employment terminations for “Good Reason,” or as approved by the compensation committee. Settlement will be in ProAssurance shares plus cash approximately equal to applicable taxes. The filing also lists existing RSU holdings of 17,668, 15,372 and 3,981 units from prior grants.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lisenby Jeffrey Patton

(Last) (First) (Middle)

C/O PROASSURANCE CORPORATION

100 BROOKWOOD PLACE

(Street)

BIRMINGHAM AL 35209-6811

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PROASSURANCE CORP [ PRA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)	X	Other (specify below)
	Executive Vice-President		Secretary & General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
01/07/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Units	(1)							(1)	(1)	Common Stock	17,668(1)		17,668	D
Restricted Share Units	(2)							(2)	(2)	Common Stock	15,372		15,372	D
Restricted Stock Units	(3)							(3)	(3)	Common Stock	3,981		3,981	D
Restricted Stock Units	(4)	01/07/2026		A		23,720		(4)	(4)	Common Stock	23,720	$0	23,720	D

Explanation of Responses:

1. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of ProAssurance Corporation common stock, issuable from the ProAssurance Corporation 2014 Equity Incentive Compensation Plan. The RSUs will vest pro rata in increments equal to one-third of the total award in each of the years 2026, 2027 and 2028 provided the reporting person remains continuously employed by ProAssurance or one of its subsidiaries until each vesting date. Vesting will accelerate upon termination of employment as the result of (i) death; (ii) disability; or (iii) Good Reason, as defined in the reporting person's employment agreement with ProAssurance Corporation, or by action of the Compensation Committee of the ProAssurance Corporation Board of Directors. The RSUs will be settled in shares of ProAssurance Common Stock and in cash, with the cash portion being approximately equal to the federal, state, and local taxes.

2. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of ProAssurance Corporation common stock, issuable from the ProAssurance Corporation 2024 Equity Incentive Plan. The RSUs will vest pro rata in increments equal to one-third of the total award in each of the years 2025, 2026 and 2027 provided the reporting person remains continuously employed by ProAssurance or one of its subsidiaries until each vesting date. Vesting will accelerate upon termination of employment as the result of (i) death; (ii) disability; or (iii) Good Reason, as defined in the reporting person's employment agreement with ProAssurance Corporation, or by action of the Compensation Committee of the ProAssurance Corporation Board of Directors. The RSUs will be settled in shares of ProAssurance Common Stock and in cash, with the cash portion being approximately equal to the federal, state, and local taxes.

3. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of ProAssurance Corporation common stock, issuable from the ProAssurance Corporation 2014 Equity Incentive Compensation Plan. The RSUs will vest pro rata in increments equal to one-third of the total award in each of the years 2024, 2025 and 2026 provided the reporting person remains continuously employed by ProAssurance or one of its subsidiaries until each vesting date. Vesting will accelerate upon termination of employment as the result of (i) death; (ii) disability; or (iii) Good Reason, as defined in the reporting person's employment agreement with ProAssurance Corporation, or by action of the Compensation Committee of the ProAssurance Corporation Board of Directors. The RSUs will be settled in shares of ProAssurance Common Stock and in cash, with the cash portion being approximately equal to the federal, state, and local taxes.

4. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of ProAssurance Corporation common stock, issuable from the ProAssurance Corporation 2014 Equity Incentive Compensation Plan. The RSUs will vest pro rata in increments equal to one-third of the total award in each of the years 2027, 2028 and 2029 provided the reporting person remains continuously employed by ProAssurance or one of its subsidiaries until each vesting date. Vesting will accelerate upon termination of employment as the result of (i) death; (ii) disability; or (iii) Good Reason, as defined in the reporting person's employment agreement with ProAssurance Corporation, or by action of the Compensation Committee of the ProAssurance Corporation Board of Directors. The RSUs will be settled in shares of ProAssurance Common Stock and in cash, with the cash portion being approximately equal to the federal, state, and local taxes.

Remarks:

	Lee M. Pope, POA for Reporting Person	01/08/2026
	** Signature of Reporting Person	Date
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FAQ

What equity award did ProAssurance (PRA) grant to Jeffrey Patton Lisenby?

ProAssurance granted Executive Vice-President, Secretary & General Counsel Jeffrey Patton Lisenby 23,720 Restricted Stock Units (RSUs) on January 7, 2026 at a cash price of $0 per unit.

How do the new RSUs for PRAe28099s Jeffrey Patton Lisenby vest?

Each RSU gives a contingent right to one share of ProAssurance common stock and will vest pro rata in one-third increments in the years 2027, 2028 and 2029, provided he remains continuously employed by ProAssurance or a subsidiary through each vesting date.

Under what conditions can the PRA RSUs for Jeffrey Patton Lisenby vest early?

The RSUs may vest earlier if his employment ends due to death, disability, or termination for Good Reason as defined in his employment agreement, or by action of the Compensation Committee of the ProAssurance Board of Directors.

How will the new ProAssurance RSUs be settled for Jeffrey Patton Lisenby?

The RSUs will be settled in shares of ProAssurance common stock and in cash, with the cash portion designed to be approximately equal to federal, state and local taxes associated with the award.

What other Restricted Stock Units does Jeffrey Patton Lisenby hold at ProAssurance?

The filing shows additional RSU holdings of 17,668, 15,372 and 3,981 units, each representing a contingent right to receive one share of ProAssurance common stock under the companye28099s equity incentive plans.

Which ProAssurance equity plans govern the RSUs held by Jeffrey Patton Lisenby?

The RSUs are issued under the ProAssurance Corporation 2014 Equity Incentive Compensation Plan and the ProAssurance Corporation 2024 Equity Incentive Plan, as specified in the award descriptions.