ProAssurance exec converts RSUs, withholds shares for tax
ProAssurance Corporation executive Noreen Dishart, Executive VP and Chief HR Officer, exercised restricted stock units into common shares and had a portion withheld for taxes.
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Form Type
4
Rhea-AI Filing Summary
ProAssurance Corporation executive Noreen Dishart, Executive VP and Chief HR Officer, exercised restricted stock units into common shares and had a portion withheld for taxes. On February 25, 2026, she converted 4,588, 5,987, and 3,101 restricted stock units into the same number of common shares at a stated price of $24.47 per share. To cover tax obligations, 5,917 common shares were disposed of as a tax-withholding transaction, leaving her with 27,740 shares of ProAssurance common stock held directly.
Insider Trade Summary
13,676 shares exercised/converted
Exercise
10 txns
Insider
Dishart Noreen
Role
Executive VP/Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 4,588 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 5,987 | $0.00 | $0.00 |
| Exercise | Restricted Share Units | 3,101 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,101 | $24.47 | $76K |
| Exercise | Common Stock | 5,987 | $24.47 | $147K |
| Exercise | Common Stock | 4,588 | $24.47 | $112K |
| Exercise Price or Tax Liability | Common Stock | 5,917 | $24.47 | $145K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 contracts (Direct);
Restricted Stock Units — 33,639 contracts (Direct);
Restricted Share Units — 0 contracts (Direct);
Common Stock — 27,740 shares (Direct)
Footnotes (5)
- F1. 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.
- F2. The RSUs were priced on February 24, 2026, per the direction of the Compensation Committee of the ProAssurance Corporation Board of Directors.
- F3. 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 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.
- F4. 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.
- F5. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PRA executive Noreen Dishart report?
Noreen Dishart reported the exercise of multiple restricted stock unit awards into ProAssurance common stock and a related tax-withholding share disposition. These transactions reflect equity compensation vesting and do not represent an open-market purchase or sale of additional shares.
What is Noreen Dishart’s ProAssurance common stock holding after the Form 4?
Following the reported transactions, Noreen Dishart directly holds 27,740 shares of ProAssurance common stock. This balance reflects shares received from restricted stock unit exercises, net of those withheld and disposed of to cover associated tax liabilities.
At what price were the ProAssurance (PRA) transactions reported?
The Form 4 reports a price of $24.47 per share for the common stock issued in connection with the restricted stock unit exercises and the related tax-withholding disposition. This price is used for reporting purposes in the equity compensation and tax-settlement entries.
How do ProAssurance restricted stock units (RSUs) work for Noreen Dishart?
Each restricted stock unit represents a contingent right to receive one ProAssurance common share under the 2014 Equity Incentive Compensation Plan. Units vest in annual one-third increments across specified years, with vesting accelerating upon events like death, disability, or qualifying termination.
AI-generated analysis. How Rhea-AI works. Not financial advice.
