4//SEC Filing
Boguski Michael Leonard 4
Accession 0001704084-20-000026
CIK 0001127703other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 3:22 PM ET
Size
16.4 KB
Accession
0001704084-20-000026
Insider Transaction Report
Form 4
Boguski Michael Leonard
President of a Subsidiary
Transactions
- Exercise/Conversion
Common Stock
2020-03-04$32.70/sh+3,000$98,100→ 35,625 total - Tax Payment
Common Stock
2020-03-04$32.70/sh−1,287$42,085→ 34,338 total - Award
Restricted Stock Units
2020-03-04+6,498→ 6,498 total→ Common Stock (6,498 underlying) - Exercise/Conversion
Common Stock
2020-03-04−3,000→ 0 total→ Common Stock (3,000 underlying)
Holdings
- 27,459
Restricted Stock Units
→ Common Stock (27,459 underlying) - 3,886
Restricted Stock Units
→ Common Stock (3,886 underlying)
Footnotes (5)
- [F1]The Restricted Stock Units (RSU) vested, and were thus acquired, on March 4, 2020 when ratified by the ProAssurance Corporation Board of Directors. The RSUs were priced on February 21, 2020 following ProAssurance Corporation's earnings announcement that same date, per the direction of the Compensation Committee of the ProAssurance Corporation Board of Directors.
- [F2]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 if the reporting person remains continuously employed by ProAssurance or one of its subsidiaries until December 31, 2019 (three years from date of grant). 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.
- [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 if the reporting person remains continuously employed by ProAssurance or one of its subsidiaries until December 31, 2022 (three years from date of grant). 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 if the reporting person remains continuously employed by ProAssurance or one of its subsidiaries until December 31, 2021 (three years from date of grant). 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 if the reporting person remains continuously employed by ProAssurance or one of its subsidiaries until December 31, 2020 (three years from date of grant). 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.
Documents
Issuer
PROASSURANCE CORP
CIK 0001127703
Entity typeother
Related Parties
1- filerCIK 0001352245
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 3:22 PM ET
- Size
- 16.4 KB