Magnus James Gorrie - May 25, 2021 Form 4 Insider Report for PROASSURANCE CORP (PRA)

Role: Director
Signature: Lee M. Pope with Power of Attorney for the Reporting Person
Stock symbol: PRA
Transactions as of: May 25, 2021
Transactions value $: $60,988
Form type: 4
Date filed: 5/25/2021, 05:41 PM
Next filing: Jul 14, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PRA	Common Stock	Award	$61K	+2.56K	+11.84%	$23.87	24.1K	May 25, 2021	Direct	F1

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

Explanation of Responses:

Id	Content
F1	These shares are awarded under the ProAssurance Corporation Director Deferred Stock Compensation Plan and are exempt under Rule 16b-3. This grant was recommended by the Compensation Committee, which is composed entirely of independent directors (as disclosed on page 16 of our 2021 Proxy Statement), and was approved by our Board of Directors at its meeting on May 25, 2021. This year, the recommended and approved stock compensation grant was for shares having a value not to exceed $61,000. The number of whole shares is determined using the closing price of a share of stock on the New York Stock Exchange (NYSE) on the day of the Board of Directors meeting following the Annual Meeting of Shareholders. The NYSE closing price on May 25, 2021 was $23.87, resulting in a distribution to each non-management director of 2,555 shares.

Content

These shares are awarded under the ProAssurance Corporation Director Deferred Stock Compensation Plan and are exempt under Rule 16b-3. This grant was recommended by the Compensation Committee, which is composed entirely of independent directors (as disclosed on page 16 of our 2021 Proxy Statement), and was approved by our Board of Directors at its meeting on May 25, 2021. This year, the recommended and approved stock compensation grant was for shares having a value not to exceed $61,000. The number of whole shares is determined using the closing price of a share of stock on the New York Stock Exchange (NYSE) on the day of the Board of Directors meeting following the Annual Meeting of Shareholders. The NYSE closing price on May 25, 2021 was $23.87, resulting in a distribution to each non-management director of 2,555 shares.