ProAssurance exec exercises RSUs, withholds shares
ProAssurance Corporation executive Robert David Francis reported multiple equity award transactions.
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Form Type
4
Rhea-AI Filing Summary
ProAssurance Corporation executive Robert David Francis reported multiple equity award transactions. On February 25, 2026, he exercised Restricted Stock Units that converted into 3,226, 8,765, and 5,890 shares of common stock at a stated price of $24.47 per share. A separate transaction shows 7,711 common shares disposed of to cover tax obligations, a tax-withholding disposition rather than an open-market sale. After these transactions, he directly owned 31,196 common shares, along with multiple tranches of RSUs that vest in annual installments from 2024 through 2029 under the company’s 2014 and 2024 equity incentive plans.
Insider Trade Summary
17,881 shares exercised/converted
Exercise
10 txns
Insider
FRANCIS ROBERT DAVID
Role
Pres Healthcare Pro. Liability
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 3,226 | $0.00 | $0.00 |
| Exercise | Restricted Share Units | 8,765 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 5,890 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,226 | $24.47 | $79K |
| Exercise | Common Stock | 8,765 | $24.47 | $214K |
| Exercise | Common Stock | 5,890 | $24.47 | $144K |
| Exercise Price or Tax Liability | Common Stock | 7,711 | $24.47 | $189K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 contracts (Direct);
Restricted Share Units — 0 contracts (Direct);
Common Stock — 31,196 shares (Direct);
Restricted Stock Units — 44,262 contracts (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 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.
- 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.
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