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Progressive (PGR) Insider Files Form 144 to Sell Vested Shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Progressive Corporation (PGR) Form 144 reports a proposed sale of 5,329 common shares held at Fidelity Brokerage Services LLC with an aggregate market value of $1,333,209.22. The filing states these shares were acquired by restricted stock vesting from the issuer on 07/25/2025 and the approximate sale date is 08/14/2025.

The notice identifies the sale as compensation-related and shows no securities sold by the reporting person in the past three months. The filer certifies they are unaware of any undisclosed material adverse information about the issuer.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine insider sale of vested restricted stock; size is immaterial relative to outstanding shares and appears compliance-driven.

The filing documents a proposed sale of 5,329 common shares valued at $1,333,209.22 executed through Fidelity Brokerage Services. Acquisition is listed as restricted stock vesting and payment is noted as compensation, indicating this is a post-vesting disposition rather than an open-market transfer of purchased shares. With 586,208,487 shares outstanding, the transaction is de minimis relative to float and unlikely to move market pricing or indicate a change in corporate outlook. The absence of sales in the prior three months suggests this is an isolated, routine disposition.

TL;DR: Disclosure aligns with Rule 144 requirements; signer affirms no undisclosed material information.

The Form 144 provides the standard attestations required under Rule 144 and includes broker details, acquisition date, and nature of acquisition (restricted stock vesting). The filing includes the representation that the reporting person does not possess undisclosed material adverse information. From a governance perspective, the form appears complete for a planned sale of vested compensation shares and serves to document compliance with resale rules.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does PGR's Form 144 disclose about the proposed sale?

The filing discloses a proposed sale of 5,329 common shares held at Fidelity Brokerage Services with an aggregate market value of $1,333,209.22 and an approximate sale date of 08/14/2025.

How were the shares acquired according to the Form 144 for PGR?

The shares were acquired on 07/25/2025 through restricted stock vesting, and the payment type is listed as compensation.

Did the filer report any other sales in the past three months for PGR?

No. The filing states Nothing to Report for securities sold during the past three months by the reporting person.

Through which broker will the PGR shares be sold?

The broker listed is Fidelity Brokerage Services LLC, 900 Salem Street, Smithfield RI 02917 and the securities exchange is the NYSE.

What representation does the signer make about material information?

The signer represents they do not know any material adverse information