PGR Form 144: 1,267-share sale worth $329,901 filed by insider
Rhea-AI Filing Summary
Progressive Corporation (PGR) – Form 144 filing: The notice covers a proposed sale of 1,267 common shares with an aggregate market value of $329,901.46. The shares represent an immaterial fraction (≈0.0002%) of Progressive’s 586,223,643 shares outstanding and are expected to be sold on or after 06/20/2025 through Fidelity Brokerage on the NYSE.
The securities were obtained via two restricted-stock vesting events on 01/01/2025 (398 shares) and 01/21/2025 (869 shares). The filer previously sold the same 1,267-share block on 05/23/2025 for gross proceeds of $351,985.27, indicating this Form 144 renews the intent to dispose of the shares pursuant to Rule 144 safe-harbor provisions.
No material adverse information was asserted by the filer, and there is no disclosure of gifts, debt consideration, or 10b5-1 trading plan adoption dates. Overall, the filing documents a routine, small-scale insider sale with minimal impact on Progressive’s capital structure.
Positive
- None.
Negative
- None.
Insights
TL;DR: Minor insider sale; negligible dilution or signaling impact on PGR.
The proposed disposition totals barely 0.0002% of shares outstanding, signalling no substantive change in ownership structure or insider sentiment. The stock was acquired via routine compensation vesting and is being sold through standard Rule 144 procedures. There is no mention of material non-public information or special trading plans. From a market perspective, liquidity absorption is trivial and unlikely to move the share price. Therefore, the filing is best viewed as administrative rather than a catalyst.