Edward Lewis Rand Jr. - 25 Feb 2026 Form 4 Insider Report for PROASSURANCE CORP (PRA)

Role: President & CEO, Director
Signature: Lee M. Pope, POA for the Reporting Person
Issuer symbol: PRA
Transactions as of: 25 Feb 2026
Net transactions value: +$1,013,817
Form type: 4
Filing time: 26 Feb 2026, 16:51:56 UTC
Previous filing: 08 Jan 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Rand Edward Lewis Jr	President & CEO, Director	C/OPROASSURANCE CORPORATION, 100 BROOKWOOD PLACE, BIRMINGHAM	Lee M. Pope, POA for the Reporting Person	26 Feb 2026	0001307649

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PRA	Common Stock	Options Exercise	$451,104	+18,435	+7.3%	$24.47	270,951	25 Feb 2026	Direct	F1, F2
transaction	PRA	Common Stock	Options Exercise	$725,927	+29,666	+11%	$24.47	300,617	25 Feb 2026	Direct	F3
transaction	PRA	Common Stock	Options Exercise	$581,554	+23,766	+7.9%	$24.47	324,383	25 Feb 2026	Direct	F4
transaction	PRA	Common Stock	Tax liability	$744,769	-30,436	-9.4%	$24.47	293,947	25 Feb 2026	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PRA	Restricted Share Units	Options Exercise	$0	-29,666	-100%	$0.000000	0	25 Feb 2026	Common Stock	29,666		Direct	F3
transaction	PRA	Restricted Share Units	Options Exercise	$0	-23,766	-100%	$0.000000	0	25 Feb 2026	Common Stock	23,766		Direct	F4
transaction	PRA	Restricted Share Units	Options Exercise	$0	-18,435	-100%	$0.000000	0	25 Feb 2026	Common Stock	18,435		Direct	F1
holding	PRA	Restricted Stock Units						95,714	25 Feb 2026	Common Stock	95,714		Direct	F5
holding	PRA	Restricted Stock Units						29,665	25 Feb 2026	Common Stock	29,665		Direct	F3
holding	PRA	Restricted Stock Units						47,529	25 Feb 2026	Common Stock	47,529		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 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 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.