Edward L. Rand, Jr. compensation by year
PROASSURANCE Summary Compensation Table · all 2 fiscal years held| Component | FY2023 | FY2024 |
|---|---|---|
| Salary | $1,000,000 | $1,029,231 |
| Bonus | $0 | $0 |
| Stock awards | $2,200,000 | $2,593,355 |
| Option awards | $0 | $0 |
| Non-equity incentive | $420,000 | $2,496,000 |
| Pension and deferred compensation | $0 | $0 |
| All other | $105,832 | $108,248 |
| Total | $3,725,832 | $6,226,834 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: PROASSURANCE CORP DEF 14A filed April 11, 2025, accession 0001875246-25-000023, and prior-year filings. Open the filing on EDGAR.
How this page was built: the PROASSURANCE CORP filed document, accession 0001875246-25-000023. Every figure is read from that document and cited to the page and table it appears in. Filed April 11, 2025.
Equity holdings
unvested awards at FY2024 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| PSU | 88,997 | $1,415,942 | — |
| RSU | 88,997 | $1,415,939 | — |
| PSU | 55,304 | $879,887 | — |
| PSU | 40,371 | $642,309 | — |
| RSU | 40,371 | $642,309 | — |
| RSU | 36,870 | $586,602 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in PROASSURANCE CORP's FY2024 proxy; value at the fiscal year-end close, as the company printed it.
Insider transactions since the last proxy
15 Form 4 lines since the FY2024 proxy (filed April 11, 2025)current to 2026-11-07 · updated nightly
| Date | Transaction | Plan | Shares | Price | Held after |
|---|---|---|---|---|---|
| 2026-06-26 | Disposition to the issuer derivative | — | 95,714 | — | 0 |
| 2026-06-26 | Disposition to the issuer | — | 293,945 | $25.00 | 0 |
| 2026-06-26 | Disposition to the issuer derivative | — | 29,665 | — | 0 |
| 2026-06-26 | Disposition to the issuer derivative | — | 47,529 | — | 0 |
| 2026-02-25 | Exercise or conversion derivative | — | 29,666 | $0.00 | 0 |
| 2026-02-25 | Exercise or conversion | — | 18,435 | $24.47 | 270,951 |
| 2026-02-25 | Exercise or conversion | — | 29,666 | $24.47 | 300,617 |
| 2026-02-25 | Exercise or conversion | — | 23,766 | $24.47 | 324,383 |
The 8 most recent of 15 lines, each as reported on the Form 4. "10b5-1" marks a trade the filing reports under a pre-arranged trading plan. View every Form 4 filing on EDGAR →
Change-in-control & termination
estimated payments PROASSURANCE discloses, by trigger · FY2024| Trigger | Cash severance | Accelerated equity | Benefits continuation | Total as disclosed |
|---|---|---|---|---|
| Death | — | $5,582,988 | — | $7,594,407 |
| Change in control and resignation for good reason | $4,876,000 | $5,582,988 | $56,875 | $12,527,282 |
| Voluntary resignation | — | $1,986,946 | — | $3,998,365 |
| Change in control and involuntary termination | $4,876,000 | $5,582,988 | $56,875 | $12,527,282 |
| Resignation for good reason, no change in control | $4,876,000 | — | $56,875 | $6,944,294 |
| Disability | — | $5,582,988 | — | $7,594,407 |
| Involuntary termination without cause | $4,876,000 | — | $56,875 | $6,944,294 |
| Change in control, no termination | — | $5,582,988 | — | $7,594,407 |
Per the Potential Payments Upon Termination or Change in Control table in PROASSURANCE CORP's FY2024 proxy. Estimates as the company printed them; a dash means it printed no figure.
PROASSURANCE’s named executive officers, FY2024
as the company reported each| Named executive officer | Role | FY2024 total |
|---|---|---|
| Edward L. Rand, Jr. · this page | President and Chief Executive Officer | $6,226,834 |
| Robert Francis | President, Medical Professional Liability | $2,415,135 |
| Jeffrey Lisenby | Executive Vice President, Corporate Secretary and General Counsel | $2,087,357 |
| Dana Hendricks | Chief Financial Officer, Treasurer and Executive Vice President | $2,049,595 |
| Kevin Shook | President, Eastern Alliance Insurance Group | $1,790,417 |
Board service
PROASSURANCE board · FY2023–FY2024How this board is paid
Company policy: PROASSURANCE pays directors a $80,000 cash retainer and $95,000 in equity. As stated in PROASSURANCE's FY2024 proxy.
Committees
Executive
The full PROASSURANCE compensation record
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Peer companies
named in the PROASSURANCE proxy · each links to its own free briefCompensation, the day it’s disclosed
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are PROASSURANCE's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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